Tag Archives: Jim Farley

Vijay Sankaran Rejects Information Officer Job at Ford

Ford has previously said that Sankaran, 47, had accepted an offer to become Ford’s chief software and information officer beginning this week, after serving seven years with TD Ameritrade. Continue reading

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Ford Q3 Net Income at $2.4B Treads Water. Q4 $500M Loss?

As a result, the Ford outlook is wobbly including a fourth quarter adjusted EBIT between break-even and a, gulp, $500 million loss. Continue reading

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Ford Pickup Truck Sales Best Q3 in 15 Years. Cars Dead

Ford’s overall pickup sales of combined F-Series and Ranger totaled 249,997 pickups. This was Ford’s best Q3 pickup sales since 2005, with combined sales up 4.0% over a year ago. F-Series Q3 retail sales were up 10.1% over a year ago and are back above pre-corona virus sales levels. Total F-Series sales of 221,647 for the quarter were up 3.5%. Continue reading

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Ford Motor Changes CEO from Jim Hackett to Jim Farley

Farley, an automotive leader with global experience and a successful track record (He launched Lexus at Toyota), collaborated with Hackett over the past three years to develop and execute Ford’s Creating Tomorrow Together plan. Continue reading

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Ford Motor Changes Top Exec Roles Again

The changes come as Ford is restructuring operations, investing in the product portfolio and reducing bureaucracy. Ford lost $1.7 billion (42 cents a share) during Q4 2019 compared to a loss of $100 million, or 3 cents a share, year-over-year.  This  included a previously disclosed $2.2 billion charge for underfunded pensions. Adjusted for one-time items, Ford said it gained 12 cents a share during the year, compared with 30 cents a share a year ago. Revenue fell 5% to $39.7 billion from $41.8 billion a year ago. Global sales, share, earnings, and profits all decreased. Continue reading

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New Executives For Safety, AV, Strategy, and Ford Credit

Ford Motor Company has made public the retirement of two longtime executives, new assignments for two corporate officers, and promotions to senior positions for three people at the company. Continue reading

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Volkswagen and Ford Announce Alliance Without Cross Equity

The history of such industry collaborations is difficult and littered with road kill. The problem is whether the two global giants and hundreds of thousands of workers can walk in step together or stumble over each other. Continue reading

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Mark Fields Out, Jim Hackett in as Ford Motor CEO

Hackett led Ford Smart Mobility – arguably the future of the industry with ride sharing, electric vehicle, sales of big data and autonomous cars thrown in – since March 2016. Continue reading

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