Ford Lightning Getting Company in Tennessee
The 2022 Ford F-150 Lightning has officially started production at the company’s Rouge Electric Vehicle Center in Michigan and will apparently be getting some company at the Blue Oval City campus in Tennessee. On Tuesday, CEO Jim Farley said that the upcoming plant had been selected to produce a new model during a press event covering the official launch of the all-electric F-Series.
“It’s another truck,” he explained. “This is not our only truck. We said very clearly we want to be the leader in electric pickup trucks.”
Hackett's Still in Bill Ford's Good Books
We told you the other day about Ford CEO Jim Hackett’s latest attempt to placate employees who might hold reservations about the company’s streamlining plan and their leader’s vision for the future. Obviously, there’s little he could say to make the axe about to fall on legions of workers any less sharp.
One individual whose approval Hackett doesn’t have to worry about — in the short term, anyway — is his superior, Ford Chairman Bill Ford, Jr.
Bill Ford: Ford's Mustang-inspired EV to 'Go Like Hell'
Ford’s upcoming EV is a contentious model, despite how little we know about it. Intended to help bring the automaker into the brave new world of electromobility, it also leans upon the brand’s heritage by being a “Mustang-inspired” performance crossover. Whether you’re totally behind the idea or want to stand directly in its path in a Tiananmen-style showdown, its existence will change the company at least as much as axing its traditional car lineup will.
Ford to Launch 50 New Vehicles by 2025… in China
Practically every automaker seeking to expand its global footprint is courting China right now. Ford Motor Company has already signed an agreement with Anhui Zotye Automobile to set up a $754 million joint venture focused on electric cars in the hopes it can get a head start on the country’s fast-approaching EV mandate.
With so much opportunity for growth, major manufacturers see Asia as a ripening market as North America withers on the vine. With that in mind, Ford has announced plans to launch 50 new vehicles in China by 2025.
Ford to Wall Street: Drop Dead
At a Detroit Economic Club event held last night in the Motor City, Blue Oval Chairman Bill Ford opined that Ford Motor Co. may have been too forthcoming with Wall Street in past years.
“In the past, maybe we said too much,” Ford said Tuesday.
Bill Ford to Accept Shareholder Outrage in Place of Ex-CEO Mark Fields
Ford’s new CEO, Jim Hackett, will be able to avoid some of the shareholder wrath his predecessor assumed. With Mark Fields gone, Bill Ford has taken it upon himself to keep the dream alive and promote the company’s vision of the future while its share price continues to dwindle. The executive chairman and great-grandson of the business’ founder has expanded his duties to include managing corporate communications and interacting with the government — two tasks few would envy.
Bill Ford claims that assuming the responsibilities would allow Hackett to focus on the daily operations and better familiarize himself with the automotive world, of which he has little direct experience with. That isn’t to suggest he’s not the man for the job, but Ford sees no reason to burden him with external communication duties — which we know can get ugly — as he’s settling into the new position.
Fields Defends Ford's Honor in Tense Shareholders Meeting
As anticipated, Ford CEO Mark Fields was grilled today over his plans to improve the company’s waning fortunes by board members who had scheduled extra time to question him.
Hot topics at the annual meeting centered on why profits are falling, what is Ford doing about the market shift toward SUVs, and how the company’s colossal investments into technology are affecting its present-day financial situation. Ford has poured billions into self-driving vehicles and ride-sharing platforms as its traditional car business loses some ground to General Motors in a slowing U.S. market. Fields spearheaded Ford’s rebranding as a mobility company, but many have suggested this future-focus isn’t healthy for the brand.
Fields stuck to his guns, emphasizing that Ford was heading “aggressively but also prudently” into “the biggest strategic shift in the history of our company.”
2015 Mustang to Likely Premiere in Times Square Next Thursday on Good Morning America. Part of Simultaneous Reveal of All New Global 'Stang In Six Cities On Four Continents
The all new, next generation Ford Mustang will have its world premiere next Thursday, Dec. 5, 2013. Reflecting the fact that for the first time Ford will be selling the Mustang globally, including in right hand drive format, the car will be simultaneously debuted in six cities around the world, on four different continents. For the North American market, Ford will get top billing that day on the ABC television network’s popular “Good Morning America” show, broadcasting from New York City, at the same time that the new Mustang will be revealed at events in: Los Angeles, California; Sydney, Australia; Shanghai, China; Barcelona, Spain, and near Ford’s world headquarters in Dearborn, Michigan.
Bill Ford's "Blueprint For Mobility" Calls For Cars, Bicycles, Pedestrians In Integrated Network
We didn’t get to go to the World Mobile Congress in beautiful Barcelona, Spain, but it may have been nice to catch both the unveiling of the Ford B-Max and a keynote speech given by Bill Ford, executive chairman of Ford Motor Co. Ford (the man, not the company) outlined an overarching vision for helping manage the estimated 2 billion cars that will be on the road by 2050.
Ford Shareholders Meeting: Profit This Year, But No Dividend
After four straight profitable quarters, Alan Mulally’s forecast today of a “solidly profitable” 2010 shouldn’t come as a huge surprise. But, as Executive Chairman Bill Ford put it to Ford shareholders at the company’s annual meeting [via AP],
It is the very early days in our recovery. We still have a lot of debt
And he’s not kidding. As of the end of Q1 2010, Ford was carrying $34b in debt. And though Ford faces a higher cost of borrowing because of its staggering debts, Bill Ford was clear that he wouldn’t trade places with Ford’s Detroit competitors, which cleaned out their balance books, at the expense of government bailouts and accompanying PR problems. After all, while GM and Chrysler were rebuilding, Ford managed to outperform both of them last year by gaining sales and market share. And Ford’s leadership sees that momentum carrying forward into next year.