Spin, the dockless electric scooter company purchased by Ford in 2018, is expanding beyond the US. TechCrunch reports that the company is launching its electric scooter rental service in Cologne, Germany this Spring, with launches in other German cities planned to follow. Until now Spin has operated exclusively in the USA. Its website says that… Continue reading Ford’s Spin electric scooters are coming to Europe
Tag: Ford
Spin is launching electric scooters in Germany this spring
Spin, the electric scooter company owned by Ford, is gearing up to launch its vehicles for the first time outside of the U.S. This spring, the plan is to launch in Cologne, Germany, followed by other German cities. Spin also plans to apply for the e-scooter permit in France next month, as well as explore… Continue reading Spin is launching electric scooters in Germany this spring
Ford Board Leaves Embattled CEO With Little Room for Error – Bloomberg
Ford Board Leaves Embattled CEO With Little Room for Error Bloomberg Ford shakes up top management, promises faster turnaround Reuters Executive shakeup at Ford in wake of earnings report, rough Explorer launch Autoblog 日本版 Ford’s Jim Farley looks to fix product launches, improve earnings Detroit Free Press Ford shakes up top management; Hinrichs to retire, Farley becomes COO Automotive News… Continue reading Ford Board Leaves Embattled CEO With Little Room for Error – Bloomberg
Ford Shares Hit 10-Year Low, But CEO Hackett Has Chairman’s Ear – Yahoo Finance
(Bloomberg) — Days after another dismal earnings report, Ford Motor Co. Chief Executive Officer Jim Hackett sent a blunt message during an internal town hall: I’m not going anywhere. If there were any doubts in the crowd about that statement, Hackett underscored it by discussing the early retirement of Joe Hinrichs, a Ford president whom… Continue reading Ford Shares Hit 10-Year Low, But CEO Hackett Has Chairman’s Ear – Yahoo Finance
Howes: Failed execution, culture weigh on Ford performance, shares – The Detroit News
When historians record the six years since Alan Mulally retired as CEO of Ford Motor Co., the chapter could be entitled “A Chronicle of Wasted Time.” Here was COO-designate Jim Farley using a Wednesday presentation to investors to deliver a message as bracing as a bucket of ice water: “I can see it on the face of… Continue reading Howes: Failed execution, culture weigh on Ford performance, shares – The Detroit News
Ford COO Jim Farley lays out brutal reality for investors in first public speech
CLOSE After days of watching the stock price sink faster than competitors, and concerns about the strategic direction of Ford Motor Co., incoming chief operating officer Jim Farley took to the stage to make his first public speech in New York early Wednesday. Investor expectations were high — and ultimately unmet — that he would announce a significant and dramatic plan for re-positioning the company. … Continue reading Ford COO Jim Farley lays out brutal reality for investors in first public speech
FCA CEO Manley’s total compensation was $14.4M in 2019
CLOSE Fiat Chrysler CEO Mike Manley had total compensation of $14.4 million in 2019, although his direct compensation for the year was less. (Photo: Junfu Han, Detroit Free Press) Mike Manley had more than $14.4 million (13.3 million euros) in total compensation in 2019, his first full year as CEO of Fiat Chrysler Automobiles. The figure,… Continue reading FCA CEO Manley’s total compensation was $14.4M in 2019
Driverless car startup Pony.ai raises $462 million at a $3 billion valuation – VentureBeat
In a sign that investors’ enthusiasm for driverless cars hasn’t dampened yet, Pony.ai today secured a whopping $462 million in fresh funding, $400 million of which came from Toyota. The capital infusion brings the Guangzhou- and Fremont, California-based startup’s total raised to about $800 million at a valuation north of $3 billion (up from $1… Continue reading Driverless car startup Pony.ai raises $462 million at a $3 billion valuation – VentureBeat
Ford’s incoming COO focuses on cost cuts, launches, change
Ford Motor Co’s (F.N) incoming chief operating officer outlined his priorities for the company’s turnaround on Wednesday, including cost cuts and more efficient new-vehicle launches in a year in which it will introduce a redesigned F-150 full-sized pickup truck.Ford also will focus more heavily on advantages in commercial vehicle sales.Ford is restructuring globally and faces slumping demand in China, its second-largest market.
Ford COO Sees 2009 Crisis Flashback on Faces of Colleagues
Ford Motor Co.’s recently appointed chief operating officer sees the struggling automaker operating with the same sense of urgency and crisis that kept the company out of bankruptcy a decade ago.