Ford Motor Co. is expected to soon name its current chief of North America and South America the new chief operating officer, thus all but cementing his position as CEO Alan Mulally's replacement at the auto maker next year.
It wasn't all that long ago that Ford was temporarily idling plants that were building SUVs and shifting some over to smaller cars because of low demand for the gas guzzlers. Those days are apparently over, because Ford Americas president Mark Fields told Automotive News [sub. req.] that FoMoCo will increase production of full-sized SUVs. Details on timing and numbers were not released, but we do know that the Ford Expedition had only a 31-day supply in December as sales jumped 45 percent and th
When Alan Mulally arrived at Ford Motor Company three years ago, the Blue Oval was in bad shape. New product wasn't exactly pouring in and the company's cash hoard was steadily shrinking. And word on the street is that the corporate culture at Ford was in as much trouble as the product lineup, making change difficult. Now in 2009, it appears Mulally has done the near impossible, turning around Ford's product lineup while supposedly positively altering FoMoCo's corporate culture.
Denise McCluggage has been writing about the auto industry for a long time. She's known most of the people in the business over the last several decades and she has earned a lot of respect for her opinions. In her latest column in AutoWeek, McCluggage lays into Ford's president of the Americas Mark Fields on the subject of diesels. While the big three German automakers are diving headlong into clean diesel technology for the US market and even Honda is bringing its first diesels here in 2009, Fo
As the U.S. market finally makes the inexorable shift to more rationally-sized cars, Ford's President for the Americas, Mark Fields, will explain how his company plans to make money with smaller cars. Ford will apparently focus on doing what might seem intuitively obvious to some, but has not heretofore been part of doing business in the U.S. market. They will build small cars that people will actually find desirable to own and willing to spend more money on. For the past several decades, automa
According to Ford's President of the Americas, Mark Fields, plug-in hybrid vehicles need to be a "national priority" and the United States government should be offering assistance for their development. Fields goes on to say that the governments of competing nations are funding the development of the technology needed to introduce PHEVs, especially batteries. As it stands, most hybrid batteries are produced in factories overseas by companies outside the U.S. If this trend continues, Fields sugge
Ford's President of the Americas, Mark Fields, wants the company to build more E85 capable flex-fuel vehicles but he doesn't want to have to deal with state level fuel economy or carbon dioxide regulations. The former should be no surprise as every car and truck so equipped gets a credit of 1.2mpg towards its mileage rating. Fields also wants to see mileage mandates done at a national rather than at the state level. Like other car-makers, Ford's issue is apparently not so much with having to mee
Joe Laymon isn't on the short list of successors for Ford CEO Alan Mulally, and it's unlikely you've ever heard of him, but if you want to get to the top at the Blue Oval, this is the guy you stop by Starbucks for on the way to work. Laymon is in charge of keeping a list of internal candidates ready in the event Mulally retires (or quits, is fired or for some other reason exits his position), which could come as soon as 2011 when he turns 65.
Between top X lists and hastily written end-of-the-year musings, the final day of 2007 is looking a lot like last year's run of retrospectives. Although some of the stories are different, many of the players have remained the same, so Tom Walsh from the Freep shot out a dozen emails to some of the leaders in his home state to get their predictions and hopes for the New Year.
Mark "the Mullet" Fields dropped some small ordinance during an interview with the Wall Street Journal today, saying that if the slow U.S. economy puts the automaker at risk of not meeting its financial goals for the next two years, it may increase the rate at which it will cut costs.
Reuters is reporting that while Ford Motor Co. posted a $12.7 billion loss last year, its new Chief Executive earned $28.18 million. And that was for four months worth of work. Alan Mulally's pay for 2006 included salary and stock options, as well as an $18.5 million bonus. The man Mulally replaced, Chairman Bill Ford, had made good on his pledge to forego compensation until the company made a turnaround, and had no salary, bonuses, or stock earnings during the first 8 months of 2006. In the gra
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