Tag: Jim Hackett

Ford Takes a Third-quarter Hit, Top Brass Talk Botched Explorer Launch

<img data-attachment-id="1656280" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2019/01/3-Explorer-Hybrid-1-e1558115233319.jpg" data-orig-size="3480,2661" data-comments-opened="1" data-image-meta="{"aperture":"9","credit":"","camera":"Canon EOS 5D Mark IV","caption":"","created_timestamp":"1545929307","copyright":"","focal_length":"27","iso":"100","shutter_speed":"0.005","title":"","orientation":"1"}" data-image-title="Ford-Explorer-Hybrid" data-image-description=" ford ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/01/3-Explorer-Hybrid-1-450×344.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/01/3-Explorer-Hybrid-1-610×466.jpg” class=”aligncenter wp-image-1656280 size-large” src=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/01/3-Explorer-Hybrid-1-610×466.jpg” alt width=”610″ height=”466″> Analysts predicted a less-than-stellar quarter for Ford Motor Company, so it was not a shock to see turbulence in the company’s third-quarter financials. The company’s net income dropped 57 percent in […]

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Ford’s 2020 Explorer Hasn’t Left the Woods Just Yet, Report Claims

Plagued by reports of manufacturing defects and post-production emergency surgery at Flat Rock Assembly, Ford’s Chicago-built 2020 Explorer and Lincoln Aviator platform mate are a weight placed on the shoulders (and career) of CEO Jim Hackett. It’s also weighing down the company’s stock, analysts claim. While the automaker said earlier this month that Explorer supply […]

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Shareholders No Longer Riding Shotgun, Say American Automakers

<img data-attachment-id="1684824" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377.jpg" data-orig-size="1000,600" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"1"}" data-image-title="ford mustang chevrolet camaro" data-image-description=" Sergey Akhrameev/Shutterstock ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-450×270.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-610×366.jpg” class=”aligncenter size-large wp-image-1684824″ src=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-610×366.jpg” alt width=”610″ height=”366″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-610×366.jpg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-75×45.jpg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-450×270.jpg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-768×461.jpg 768w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-120×72.jpg 120w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377.jpg 1000w” sizes=”(max-width: 610px) 100vw, 610px”> This week, General Motors CEO Mary Barra and Ford CEO Jim Hackett were among 181 […]

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Hackett’s Axe Falls in Earnest As Ford Announces 7,000 Salaried Cuts

The steep white-collar job cuts that simmered on Ford’s back burner for a year have come into clear focus. In a letter to employees on Monday, CEO Jim Hackett announced the elimination of 7,000 salaried positions — some 10 percent of the automaker’s global workforce. The move, part of Ford’s $11 billion restructuring plan, also […]

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