Ford shakes up management in a move to retool business model to high-tech auto market

  • 📰 CNBC
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Ford announced a big management shakeup Wednesday, shifting around a number of key executives to retool its business model toward the future car market, including moving its global markets head Jim Fa

rley to oversee the company's self-driving technology group.

div > div.group > p:first-child"> "In the past two years, we have made tangible progress in improving the fitness of our business, overhauled our regional strategies, created a winning product portfolio, and are working to transform Ford to succeed in an era of profound change and disruption," CEO Jim Hackett said."With this strong foundation in place for our auto and mobility businesses, we can now accelerate our transformation.

Ford shares rose slightly on Wednesday morning in premarket trading. The second-largest automaker's stock has risen 20 percent since the beginning of the year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

ok, now do this headline if it was Tesla VGrinshpun AlterViggo 'Signs of more chaos at Tesla as Musk moves around managers in desperate attempt to retool business'

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Exclusive: Ford likely to end independent India business with new Mahindra deal - sourcesFord Motor Co is nearing a deal with Mahindra & Mahindra to form a new joint-ven... adityakalra aditishahsays RockyRidgesPal
Source: Reuters - 🏆 2. / 97 Read more »