Auto group in crisis: Ford-boss Hackett back delivers a surprising

The troubled American car giant Ford's top management for the second Time in three years. The company announced on Tuesday that the first-time since may of 201

Auto group in crisis: Ford-boss Hackett back delivers a surprising

The troubled American car giant Ford's top management for the second Time in three years. The company announced on Tuesday that the first-time since may of 2017, acting chief Executive, Jim Hackett (65) is retiring. The successor was effective 1. October Top Manager, Jim Farley (58) transported to take care of currently in the Board of Directors with day-to-day business.

The former Europe chief Farley was longer than the crown Prince. He had been appointed in March as Chief Operating Officer and, therefore, for all global markets, the automotive business and the issues of new mobility as well as Autonomous Driving charge. Farley occurs in a difficult time to the top management of the group, since Ford is still in the middle of the realignment. Like other car manufacturers, writes Ford in the Corona-crisis in addition, surgically deep in the red.

The staff exchange shows how hard Ford Flex does more with the change in the auto industry, from the classic plate to future technologies such as Autonomous Driving and electric mobility. The group is in a deep tag, Hackett was actually started as a great modernizer.He has cleared out his predecessor, Mark Fields, the top post after only three years.

For the next few months, Ford looks, thanks to a robust liquidity but to be prepared to survive in the crisis, and the paragraph on models such as the bestselling F-150 and SUV Ford Bronco. For the current third quarter, the difference has made the end boss of the group, Hackett a pre-tax profit of between a half and 1.5 billion dollars in prospect, including further savings to contribute. For the fourth quarter, when Farley takes the helm, the Board of Directors of a loss.

Updated Date: 04 August 2020, 20:19

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