Top News:
- Mercedes-Benz EQ breaks ground on Europe’s first battery gigafactory – Autocar:
- Ford confirms Jim Hackett as new CEO – Autocar: Jim Hackett takes the helm at Ford Reports suggest former CEO Mark Fields was ousted from the helm following poor sales
- Ford confirms it is ousting CEO, naming new chief executive – Reuters: Ford Motor Co confirmed Monday it is ousting its chief executive Mark Fields and replacing him with the head of the company’s unit overseeing self-driving car efforts.
- BRIEF-Limoneira and Tesla power up to save energy costs – Reuters: * Announced commissioning of a new joint project with Tesla to reduce energy costs Source text for Eikon: Further company coverage:
- BRIEF-Ford appoints Jim Hackett as president and CEO – Reuters: * Ford appoints Jim Hackett as CEO to strengthen operations, transform for future; Farley, Hinrichs, Klevorn take on new roles
- Hackett: ‘I like big problems’ – Detroitnews: Ford CEO Jim Hackett is best known for remaking Steelcase and hiring Jim Harbaugh
- Ford stock slightly higher on reports of new CEO – Detroitnews: Analysts say questions remain on Ford’s strategy under new leader, but frustrated shareholders may view news as positive
- Bill Ford Jr: ‘What we needed is a transformative leader’ – Detroitnews: Steelcase Inc. veteran Jim Hackett, one-time interim A.D. at Michigan, to lead Blue Oval into autos-and-mobility world
- Why Warren Buffett Took Out an Ad on the Same Page as One for a Strip Club – Bloomberg: The notice appeared alongside listings for a Brooklyn co-op, a $2,500 Honda Accord and a liquor license application, plus a quarter-page ad for a…
- VW’s soccer sponsorship in limbo as Wolfsburg face relegation – Reuters: Photographers take a photo of a VW logo at the Volkswagen headquarters during a media tour to present Volkswagen’s so called ”Blaue Fabrik” (Blue …
- Tata Sons appoints investment banking veteran as CFO – Reuters: Tata Sons, the holding company of the $100 billion Tata conglomerate, has appointed Saurabh Agrawal as the chief financial officer of the company.
- New Ford CEO Hackett has record as innovator – Detroitnews: Ford Motor Co.’s newest CEO, Jim Hackett, may be better known for his efforts transforming the world’s largest office furniture manufacturer and his…
- Ford Replacing CEO Amid Pressure on Profit, Share Price – WSJ: Ford Motor Co. will replace Chief Executive Mark Fields with Jim Hackett, the former head of office-furniture maker Steelcase Inc. who joined the auto…
- Ford to fire CEO Fields as challenges mount: sources – Reuters: Ford Motor Co. is set to replace Chief Executive Mark Fields with James Hackett, the head of its mobility arm, company sources said, responding to growing investor unease over the U.S. carmaker’s stock performance and prospects.
- Top job at Ford goes to alternative transport technologies boss – FT: Ford has signalled its ambition to have a bigger presence in alternative transport technologies, appointing Jim Hackett, the head of its “smart mobility”…
- Ford to sack CEO and senior bosses in new push to build self-driving cars – Guardian: Ford chief executive Mark Fields, reportedly set to leave the company amid questions about the car giant’s performance and strategy. Photograph:…
- Chinese regulator approves VW-JAC Motor electric car venture – Reuters: Germany’s Volkswagen AG and Anhui Jianghuai Automobile Group (JAC Motor) have received approval from Chinese regulators to form a joint venture to make electric vehicles, the two automakers said on Monday.
- Electric Car Price Parity Expected Next Year-Report – Forbes: Electric cars will be cheaper much sooner than expected, with prices in Europe comparable with traditionally powered vehicles next year, according to…
- Ford to replace CEO Mark Fields with James Hackett – Reuters: Ford Motor Co Chief Executive Mark Fields will leave the carmaker as part of a shake-up that includes other top executive changes, reported late on Sunday, citing a person familiar with the situation.
- Daimler’s battery gigafactory begins Europe challenge to Tesla – Automotive News: LONDON — German Chancellor Angela Merkel will break ground at a 500 million-euro ($543 million) plant near Berlin on Monday that will assemble lithium ion energy-storage units for Daimler. The factory marks the arrival of battery-making gigafactories …
- JAC Motor says China approves electric vehicles venture with VW – Reuters: Hostesses stand in front of the logo of Anhui Jianghuai Automobile Co (JAC Motors) at its booth during the Auto China 2016 auto show in Beijing, …
- RPT-Texas lawmakers clear way for Uber, Lyft return to major cities – Reuters: Texas governor Greg Abbott will sign in the next few days a bill that would shield ride-hailing firms Uber and Lyft from bruising battles over fingerprint background checks that led them to leave some of the state’s most important markets.
- Should the poor pay more for auto insurance? – CBS News: Car insurers say everyone will pay if a New York regulation, aimed at … stop insurance companies from using these yardsticks to determine premiums.
- Donald Trump, Ford Motor, ‘Twin Peaks’: Your Monday Briefing – New York Times: President Trump addressed leaders from across the Muslim world in Riyadh, Saudi Arabia, on Sunday. Credit Stephen Crowley/The .
- What’s the best car I’ve ever driven? – Autocar: Decades of being asked ‘What’s the best car you’ve ever driven?’ has inspired me to ruminate, cogitate and finally come up with an answer
- Alone on the Open Road: Truckers Feel Like ‘Throwaway People’ – New York Times: The maps show drivers’ routes in picking up and delivering their loads. … Everybody’s perception of a truck driver is we clog up traffic, we get in the…
- LeEco’s Billionaire Founder Steps Back From Struggling Business – Bloomberg: The billionaire is a backer of electric vehicle maker Faraday Future, which is building a plant in Nevada that at one point was suspended. It remains…
- Ford CEO Mark Fields expected to be ousted – Autocar: Report suggest James Hackett from Ford’s autonomous driving division may take helm
- Ford replaces CEO amid investor concerns over company performance – FT: Ford is replacing its chief executive Mark Fields and shaking up its key executive posts amid investor concerns the car company has failed to expand…
- China’s LeEco founder cedes control of listed unit amid cash crunch – Reuters: The founder of LeEco, a Chinese Netflix-to-Tesla-like conglomerate, has stepped down as the CEO of the group’s main listed unit, as the company begins to streamline and cut debt after rapid expansion led to a cash crunch.
- Ford fires CEO Mark Fields, Hackett takes reins – reports – Reuters: Ford Motor Co Chief Executive Mark Fields is set to leave the carmaker as part of a shake-up that includes other top executive changes as the company’s shares hover near a 52-week low, several media reported on Monday.
- Ford Is ‘Ready to Replace’ CEO Mark Fields, a Report Claims – Fortune: An anonymously sourced report in the says that Ford Motor Company (f) is ready to replace Mark Fields, its CEO since the summer of…
- BRIEF-Russia’s standards agency says Fiat Chrysler recalls 8890 cars – Reuters: MOSCOW May 22 Russian standards agency Rosstandart says: * It was informed by Russian subsidiary of Fiat Chrysler about the recall of 8,990 Jeep …
- Move Over Tesla, Europe’s Building Its Own Battery Gigafactories – Bloomberg: At Daimler, batteries will feed both its cars and a venture Mercedes-Benz entered with rooftop-solar installer Vivint Solar Inc. to produce home energy…
- Mark Field’s Bet On Technology, Trucks And SUVs Wasn’t Enough For Ford Stockholders – Forbes: After 7 years of growing new-car sales the party iswell, not over. … with a stock price down 40 percent despite the company’s profit trend over the last…
- Toyota, Merck Join Ethereum Group to Build Blockchain Network – Bloomberg: An effort to transform how businesses work by using blockchain technology added new members from multiple industries as Toyota Motor Corp.,…
- BRIEF-Tesla CEO Musk says Tesla autopilot software release rolling out in June – tweet – Reuters: ) -. * Tesla CEO Musk says “excited about the Tesla autopilot software release rolling out next month” – tweet Further company coverage: Our …
- Before Ford, Hackett built reputation on transforming Mich. office furniture company – Automotive News: Jim Hackett, the man reported to be replacing Mark Fields as Ford CEO, is a former board member at the automaker who spent most of his career running a Michigan furniture maker.
- Report: Ford to replace CEO Fields in management shake-up – Freep: Ford is planning to shake up its management team and will replace CEO Mark Fields with Steelcase CEO Jim Hackett, according to media reports.
- Ford Motor Co.’s CEOs since 1979 – Automotive News: The following is a list of Ford Motor Co. CEOs since the resignation of Henry Ford II in October 1979:
- Ford Fires CEO Mark Fields; Former Steelcase Chief Jim Hackett To Take Over – Forbes: Ford Motor Chief Executive Mark Fields is leaving the company, and will be replaced by the head of its Ford Smart Mobility LLC subsidiary, James P.
- Ford CEO Fields to Leave as Hackett Takes Over, Says – Bloomberg: Fields has been pouring billions into self-driving cars and ride-sharing experiments as its traditional-car business has struggled far more than at…
- Ford Motor Is Replacing Mark Fields as CEO – New York Times: Despite spending heavily on self-driving research, Ford was struggling to keep pace with larger automakers such as General Motors and tech giants…
- How Toyota transforms America’s best-selling car to compete for other titles – Automotive News: Turning the latest generation of the production Toyota Camry into the NASCAR racing version required even more than the usual feats of styling and…
- India exit puts GM in ‘right markets’ – Automotive News: Just three years ago, General Motors moved its Asian headquarters to Singapore from Shanghai, partly for better proximity to India and…
- Amid good times, Ford braces for bad ones – Automotive News: But Ford and crosstown rival General Motors — facing a Wall Street wary of their … About 30 percent of GM’s hourly workers are classified as short-term…
- Lexus patient with fixed-price program – Automotive News: DALLAS – A year into the Lexus Plus no-haggle pricing program, the expected waves of dealers joining are only ripples. But brand executives say a…
- Nissan execs hint at upcoming EV crossover – Automotive News: Nissan is working on a concept vehicle that could foreshadow an all-electric crossover. Dubbed Vmotion 3.0 by designers, the concept…
- What’s the succession plan at AutoNation? – Automotive News: A series of high-level executive departures at AutoNation — highlighted by COO Bill Berman’s abrupt departure last week — has raised questions about the succession plan for CEO Mike Jackson, 68.
- FCA’s Ralph Gilles unleashing his ‘inner racer’ – Automotive News: Ralph Gilles is one of the coolest guys in the auto industry. But when does Fiat Chrysler Auto-mobiles’ global head of design achieve peak cool?
- Mark Reuss, in the ‘knothole’ – Automotive News: GM’s Mark Reuss heads to the Milford Proving Ground on Fridays for … But as much as Reuss, a licensed road racer who created General Motors’…
- JLR engineers use the America’s Cup race to gather performance intel – Automotive News: Now, at the dawn of the self-driving era, big data is making that same migration. And Jaguar Land Rover’s engineers are getting their feet wet on a…
- Honda’s Sage Marie recalls memorable machines – Automotive News: He has driven the Pikes Peak hill climb three years in a row in unique Honda and Acura cars. That’s three checks for a bucket-list item most car guys…
- EV racing gains momentum – Automotive News: “We felt it was a powerful platform to be a part of to support our electrification ambitions and our mission to produce electric cars in the future,” he said.
- Bob Carter and the car that’s now a couch – Automotive News: Bob Carter, left, and NASCAR driver Martin Truex Jr. check out the sofa made from the car Carter drove in the final Toyota Pro/Celebrity Race.
- Volvo’s Hakan Samuelsson to speak at Europe congress – Automotive News: Volvo CEO Hakan Samuelsson, who has pushed the Swedish automaker to new heights in the past five years, will speak at the …
- JLR’s Kim McCullough fulfills a dream – Automotive News: McCullough, 56, is now vice president of marketing for Jaguar Land Rover North America. But she says she and Mitch, 59, did it all on their own.
- Duerheimer steers Bentley back to the track – Automotive News: Duerheimer at the wheel of a 1920s Bentley race car at the Goodwood … When former Volkswagen Group chief Ferdinand Piech asked Wolfgang…
- Mazda’s Davis sees racing as a test of character – Automotive News: The culprit sits a few feet away, being refueled: a rare 690-hp 1990 Mazda 787 prototype race car that finished eighth overall in the 1991 24 Hours of…
- Love of cars drives Aston’s Andy Palmer – Automotive News: He says his greatest wish is to drive a real Formula One car. … helps the company whenever he takes to the track — not in Aston’s top-flight race cars,…
- Don’t give up yet on EV subsidies – Automotive News: President Donald Trump and many Republicans have made no secret about their disdain for the federal tax credit for electric vehicles. And on the…
- Honda die mold specialist moonlights in the pits – Automotive News: By day, Sanders is a die mold specialist at Honda of America Manufacturing’s Anna Engine Plant near his home in Springfield, Ohio. He began as an…
- Nissan racing chief keeps a spare Pulsar on standby – Automotive News: YOKOHAMA, Japan – Takao Katagiri, head of Nissan Motor Co.’s global motorsports program as well as its Nismo performance division, learned…
- Toyota’s driving chief learns the secret sauce – Automotive News: CEO Akio Toyoda is Toyota Motor Corp.’s master driver and self-described “ultimate filter” of brand taste. In an interview with Asia Editor…
- Ford GT’s storybook finish had stomach-turning start – Automotive News: Ford had put thousands of test miles on its GTs, but the two supercars that took part in the daylong Daytona race had hit the tracks only a few weeks…
- Ford’s Jim Farley: Racing to relax – Automotive News: “Racing is probably the most relaxing thing I’ve ever done,” says Ford of Europe President Jim Farley. Given that Farley races his 1966 Ford GT40…
- German tortoise and Tesla hare in electric car race – FT: Porsche makes all of its hybrid cars in the state while Volkswagen, BMW and Daimler have focused their efforts there to answer Tesla, the US and…
- From Milford to Nurburgring, Ken Morris pushes cars to their limits – Automotive News: DETROIT – Since 1998, when he was the first person from General Motors … The job, created in the wake of GM’s 2014 ignition-switch crisis, has…
- Making fast cars look timeless – Automotive News: … the sixth-generation Camaro, Bennion has styled some of General Motors’ most iconic cars. … But his career at GM hasn’t been all about fast cars.
- Racing scenes inspire Mazda’s top designer – Automotive News: When he’s like that it’s best not to talk to Mazda Motor Corp.’s master designer — the man who penned the RX-8 sports car and the current MX-5 Miata,…
- Subaru considers electric version of its cars – Detroitnews: Subaru is considering electric versions of its existing models for the carmaker’s first foray into the technology.
- Get Ready for Peak Oil Demand – WSJ: It’s tough to predict because changes to oil demand will hinge on future disruptive technologies, such as batteries in electric cars that will allow drivers…
- Gas Guzzlers Rule in China – WSJ: SUVs are so popular that one of China’s biggest auto firms, Great Wall Motors Co., makes nothing else. Foreign car makers are also joining the frenzy.
- The Race to Build a Better Battery for Storing Power – WSJ: Others are being deployed by businesses seeking to go green while paring electricity costs and providing an uninterruptible power supply. Electric-car…
- Ducati draws interest from buyout, motorcycle firms – Detroitnews: VW considers putting Ducati motorcycle brand up for bid
- GM’s Indian Mistake – Bloomberg: In a world where major automakers are losing their minds about the … Mini cars are in outright decline, not to mention the all-but-defunct micro-car…