Posts Tagged ‘jim hackett’

10 Major Automakers Meet With Trump Over CAFE Today

Session could focus on opposition from California.

by on May.11, 2018

Former Ford CEO Mark Fields generated controversy last year when he warned Pres. Trump CAFE could cost 1 million U.S. jobs.

Senior executives from ten of the auto industry’s largest manufacturers will be meeting with President Donald Trump at the White House today to discuss the administration’s plans to roll back federal fuel economy standards.

A draft proposal developed by the Environmental Protection Agency would freeze requirements at 2020 levels rather than continuing a phase-in established by the Obama White House that was set to reach 54.5 miles per gallon by 2025. The new target would come in somewhere in the low 40 mpg range and hold through 2026.

Stay in the Loop!

But the meeting could prove to be an anxious one. Consumer and environmental groups have been ramping up opposition and any announcement from the White House would come at a time when fuel prices are surging to levels not seen in years. Meanwhile, any rollback could pit the Trump Administration – and the auto industry – against California which is threatening to effectively stall the cuts by using authority given the state under the Clean Air Act of 1970.

(more…)

Auto Industry Backs Away from Trump Mileage Rollback

“We support standards that increase year over year,” says auto trade group chief.

by on May.08, 2018

Automakers are reversing course and telling the EPA not to order a major mileage cut.

The auto industry appears to be pulling back its support of the planned rollback in Obama-era fuel economy standards that the Trump Administration is expected to announce in the coming days.

Manufacturers are also putting pressure on the White House to work out a compromise with the State of California over its unique ability to set even tougher emissions and mileage standards. EPA chief Scott Pruitt had indicated a desire to eliminate the waiver first approved by Congress as part of the original 1970 Clean Air Act.

We're Clearing the Air!

The industry about-face comes barely a year after top leaders raised concerns about the Corporate Average Fuel Economy standards during a meeting with then-new president — former Ford CEO Mark Fields warning the Obama target of 54.5 miles per gallon could cost 1 million jobs.

(more…)

EPA, Automakers Face Mounting Legal and Public Pressure to Leave Mileage Standards in Place

EPA sued by 17 states and District of Columbia; while automakers face public shaming campaign.

by on May.07, 2018

EPA Administrator Scott Pruitt's plans to rollback CAFE has triggered a major backlash.

A coalition of consumer and environmental groups plans to drive from Washington, D.C. to Detroit this week to deliver over 250,000 signatures demanding that the auto industry  — Ford in particular — back off on its call to roll back the Corporate Average Fuel Economy, or CAFE, standards.

If that doesn’t work, a separate coalition, this one comprising 17 states and the District of Columbia, has filed suit against the Environmental Protection Agency to prevent Administrator Scott Pruitt from going ahead with plans to rollback mileage rules established under the Obama Administration. While the EPA hasn’t announced a final plan, a draft resolution indicated it would target something just under 42 miles per gallon, down from the original 2025 target of 54.5 mpg.

Breaking News!

“This is about health, it’s about life and death,” California Governor Jerry Brown said last week during a news conference announcing the lawsuit. “This phalanx of states will defend the nation’s clean car standards to boost gas mileage and curb toxic air pollution,” Brown said while referring to the controversial EPA chief as “Outlaw Pruitt.”

(more…)

Ford Board May Vote Next Week on Purchase of Abandoned Detroit Train Station

Purchase could anchor massive new urban campus.

by on Apr.30, 2018

The 18-story Michigan Central Station was once the world's tallest railroad depot.

Ford’s board of directors could vote next week on the widely rumored acquisition of Detroit’s long-abandoned Michigan Central Station, according to the great-grandson of the automaker’s founder Henry Ford.

If completed, the purchase would revitalize what has, for decades, served as a symbol of the Motor City’s long slide into urban decay. It would also serve as an anchor for what, according to some sources, could soon become a major campus for Ford’s mobility services efforts.

Breaking News!

The carmaker’s board “has been briefed” on the negotiations for the Michigan Central Station, and the possibility of a “big redevelopment” effort in Detroit’s southwest corner, according to board member Edsel Ford II, son of former Chairman Henry Ford II. “It doesn’t need a vote, but it requires a buy-in,” according to Edsel Ford, who spoke to reporters during a ceremony in downtown Detroit on Monday.

(more…)

New Senior Personnel Departures at Ford Comes at Awkward Time

Key players in smart mobility push leave company even as Ford ramps up autonomous, electrification programs.

by on Mar.22, 2018

Musa Tariq, Ford's chief brand officer was hired away from Apple just 14 months ago.

Ford Motor Co. has been hit with another round of senior level departures, a development that not only continues the turmoil touched off by the ouster of CEO CEO Mark Fields last May but threatens to shake up the carmaker’s push into advanced mobility services.

Musa Tariq, the chief brand officer Ford lured away from Apple just 14 months ago, will be leaving the company, Ford has confirmed. And he’s not alone. Raj Rao, the CEO of Ford Smart Mobility, will also depart the automaker on May 1st.

Industry News!

“Musa is a proven leader of brand transformation, having led similar work at some of the world’s most admired brands before coming to Ford, and he is a leader known for creativity and social media expertise,” said Ford CEO Jim Hackett. “Over the last year, he has been helping to drive the same transformation at Ford.”

(more…)

Ford Inks Three-Year Deal with Alibaba

Agreement opens another door to sell vehicles in China

by on Dec.07, 2017

Ford CEO Jim Hackett, back left, and Alibaba Group CEO Daniel Zhang, back right, oversee the signing of a three-year deal between the two companies.

In the event it wasn’t clear that Ford is serious about increasing its sales in China, it’s new partnership with Alibaba Group should clear up any confusion.

The new three-year agreement announced today with Alibaba, essentially China’s version of Amazon, may offer Ford an online outlet for its vehicles. The deal, which was reported to be in the works earlier this week by TheDetroitBureau.com. The deal came at the end trip by Ford Chairman Bill Ford Jr. and CEO Jim Hackett.

Global Auto News!

Last month, Ford committed to a more than $750 million tie-up with Anhui Zotye Automobile Co. to build electric vehicles in China. Earlier this week, Chairman Ford and Hackett announced in plans to bring 50 new vehicles to the Chinese market by 2025, including 15 EVs as well as building five new vehicles locally in that country. (more…)

Ford to Test Online Sales in China

Expected to announce partnership with Chinese online giant Alibaba on Thursday.

by on Dec.06, 2017

Up til now, Ford and its Lincoln brand have relied on a relatively conventional dealer model in China.

The vast majority of car buyers around the world now rely on the Internet during at least some part of the shopping process, according to industry data, but Ford Motor Co. is expected to take the next big step this week as it announces a new partnership with Chinese online retail giant Alibaba.

Ford CEO Jim Hackett and Chairman Bill Ford are expected to attend a ceremony in Hangzhou on Thursday where they will be joined by representatives of Alibaba Group Holding Ltd. to announce new venture that could include the use of a new “auto vending machine” store concept, reports the Reuters news service.

Global Auto News!

The tie-up, which is also expected to involve at least some of Ford’s existing Chinese dealers, will come just days after the Detroit-based automaker announced plans to launch 50 new vehicles in the booming Asian nation, 15 of them to rely on electrified propulsion technology. Ford is making an aggressive push to expand its presence in China where it lags well behind rivals General Motors and Volkswagen. (more…)

Leaner, Faster, More High-Tech, Ford CEO Hackett Outlines His Vision of the Future

Maker will focus on electric vehicle development.

by on Oct.04, 2017

Ford Motor Co. CEO Jim Hackett spent his first 100 days rethinking all aspects of Ford's business.

(Updated)

Ford Motor Co.’s new CEO Jim Hackett emerged from a 100-day review of the company’s challenges, capabilities and strategies late Tuesday afternoon to reveal a series of changes expected to yield billions of dollars in savings for the second-largest U.S. automaker while also driving up sales, revenues and margins by targeting new business opportunities in both the U.S. and overseas markets.

The former head of furniture maker Steelcase, Hackett said Ford has to prepare for the disruptions threatening the auto industry while using them to boost revenues. Joined at Ford headquarters in the Detroit suburbs by four of his top lieutenants, Hackett outlined a series of key goals and changes that will include, among other things a reduction in the number of sedans and conventional passenger cars while shifting capital to the development of more utility vehicles and electrified vehicles.

Disrupting News!

Improvements in the product development and manufacturing process, meanwhile, will yield about $10 billion annual savings, said the 62-year-old Hackett. Acknowledging Ford had “fallen short on key targets,” the new CEO promised to deliver profit margins of at least 8%, up from the current 6.1%, a figure he said “simply (is) not good enough.”

(more…)

Ford Readying Wave of New Products, Says CEO Hackett

Automaker agrees to pay $10 mil to settle harassment claims.

by on Aug.17, 2017

Prior to joining Ford, Jim Hackett was Steelcase CEO and served as Interim U-Michigan Athletic Director.

While Ford has won praise for its push into autonomous vehicles, car-sharing and other futuristic mobility programs, it has also been criticized for a lack of new products today, something CEO Jim Hackett said the Detroit carmaker is addressing.

In an interview with the Associated Press, the former Steelcase chief executive – who took over at Ford following a management shake-up in May – say there is plenty “in the hopper,” though he declined to offer details on what new products are coming. Ford has revealed plans to revive its Bronco SUV and Ranger pickup nameplates, but critics say the carmaker also needs to revitalize its mainstream passenger car and luxury line-ups.

Industry News!

Separately, Ford confirmed Thursday that it will pay up to $10.1 million to settle sexual and racial harassment allegations linked to its two Chicago-area factories. It also will add new training programs for workers at those plants.

(more…)

Ford Continues Management Shake-Up

New CEO names his own top team.

by on May.25, 2017

Raj Nair will shift from running product development to serve as head of Ford's North American operations.

Just days after Ford Motor Co. announced a new chief executive officer, incoming CEO Jim Hackett has revealed a sweeping realignment of his top management team, shuffling over a dozen senior executives into new position, ousting others, and even rehiring one Ford veteran who had quit to take a job heading Uber’s autonomous vehicles program.

Separately, Ford said that Hackett, the former head of furniture maker Steelcase, is now eligible for at least $13.4 million in compensation this year. That includes $1.8 million in salary, $7 million in stock-based compensation and various bonuses.

We Track the Changes!

“The leadership changes we are announcing today across our global business are important as we foster even greater teamwork, accountability and nimble decision-making,” the 62-year-old Hackett said in a statement released Thursday.

(more…)

подробнее

на сайте

seotexts.com