#MarkFields
Ford CEO Mark Fields Seems Stoked to Send More Product to China, Especially Trucks
Ford’s Mark Fields had plenty of positive things to say about last week’s meeting between Donald Trump and Chinese President Xi Jinping. After spending months of his campaign accusing China of stealing American jobs, Trump left the conference optimistic at the prospect of improving the relationship between the two countries.
That’s welcome news for Ford, which wants to dramatically expand its presence in Asia over the coming years. The automaker has already decided to launch Lincoln models in the Asian market, hoping to piggyback off Buick and Cadillac’s success in China. On Thursday Fields also outlined a company decision to have 70 percent of all Ford nameplates sold in China by 2025 be part or fully electric — helping the company meet stricter emission standards and maintain volume in the East.
One Million Jobs Lost Due to Fuel Economy Regulations? Not So Fast, Mr. Fields
Ford CEO Mark Fields used a potential worst-case scenario as the premise for his statements last month when he claimed new federal fuel economy rules would cost the nation one million jobs.
Independent industry analysts and environmental groups looked into Fields’ comments and found huge job losses were just one potential — and unlikely — consequence in a September report by the Center for Automotive Research, Automotive News reported.
Fields to Trump: Fuel Economy Rules Put One Million U.S. Jobs at Risk
Ford Motor Company chief executive officer and doomsday prophet Mark Fields thinks one million American jobs will be placed in peril if the country’s current fuel economy standards aren’t made more flexible.
The alarming scenario was given by Fields to President Trump himself at last week’s private meeting of U.S. automakers at the White House.
The Big Three Go to Washington: Breakfast Ensues, While Mexico Stews
At the start of the second real workday of the Trump administration, the leaders of the Detroit Three automakers marched into the White House for a breakfast meeting with their newly minted president.
We don’t know for sure what they ate, but we can relate what they talked about. This won’t come as a shock: investment. Specifically, assembly plant investment in the U.S., rather than Mexico.
Ford CEO Mark Fields, General Motors CEO Mary Barra and Fiat Chrysler Automobiles CEO Sergio Marchionne knew the landscape they were entering. Yesterday, Trump signed an executive order that pulled the U.S. out of the Trans-Pacific Partnership and moved to renegotiate the North American Free Trade Agreement. Today, he signed an executive action to advance approval of the Keystone XL and Dakota Access pipelines.
Deals. Besides perhaps eggs and toast, Trump wanted deals. Or, at this early point, promises and assurances at the very least.
Ford Miffed by EPA's 'Eleventh-Hour Politics,' Turns to Trump for Help
Ford Motor Company CEO Mark Fields doesn’t have kind words for the Environmental Protection Agency’s surprise decision to keep long-term fuel economy targets in place.
A mid-term review of corporate average fuel economy (CAFE) targets set in 2012 kicked off earlier this year, but the timing of the agency’s recent decision to maintain the 54.5 mile-per-gallon goal reeks of politics, Fields claims.
For automakers, reaching 54.5 mpg means extra costs. To avoid this, Ford is prepared to turn to its election campaign sparring partner — President-elect Donald Trump — for help.
Don't Expect Us to Backpedal on Mexico Plans: Ford CEO
There’s something about billions of dollars in investment and carefully planned long-term product strategies that make it hard for an automaker to turn on a dime in the face of a threat.
Ford Motor Company CEO Mark Fields says his company has no plans to reverse course on its goal of boosting production of cars and components in Mexico, even after President-elect Trump’s promise of a 35-percent tariff on vehicles crossing the Rio Grande.
It’s a game of chicken Ford intents to win.
TTAC News Round-up: Wrangler Pipeline Glut, Mark "Ka-Ching!" Fields, and GM's Need for More Speeds
Americans might finally start to see a few of these so-called “Jeeps” roaming around their hometown.
That, Mark Fields can pick up everyone’s tab, eight (speeds) isn’t enough at General Motors, the Phaeton ends its long farewell, and GM Korea wants out of its slump … after the break!
TTAC News Round-up: Elio's Already on Thin Ice; Magna and Getrag Seal Their Deal, No Normal Buyer
Regulators may rain on Elio’s parade even before they got started.
That, Volvo takes a serious stab at full-size luxury conventional wisdom, the big get bigger and Ford’s hybrids only go so far … after the break!
Ford CEO Mark Fields: Hybrid F-150 Will Be Here By 2020
Ford will have a rear-wheel drive, hybrid F-150 truck by the end of the decade, Ford CEO Mark Fields told NPR on Tuesday.
“Well, we do have plans to have a rear-wheel drive hybrid truck but the end of the decade. So yes, we’re working on electrified F-series, and it’s really around a conventional hybrid,” Fields said during an interview.
The automaker announced earlier this month that it would invest $4.5 billion in electrification and will unveil a refreshed hybrid Fusion at the North American International Auto Show next month as part of that plan. The hybridized, full-size pickup will arrive by 2020, although the automaker doesn’t plan on total market domination for the truck — at least right now.
Marchionne Not Yet Ready For GM, Fields Not Interested In Any Merger
FCA CEO Sergio Marchionne says he’s not ready to court General Motors’ shareholders for a merger, while Ford’s Mark Fields prefers no mergers at all.
Renault-Nissan's Carlos Ghosn Banks $16M In 2014
Renault-Nissan CEO Carlos Ghosn did well for himself in 2014, banking around $16 million in compensation compared to the salaries of other automotive CEOs.
Obama Visiting Ford Plant Wednesday Amid Temporary Closure
President Barack Obama will be visiting the Ford Michigan Assembly Plant in Wayne, Mich. Wednesday, a plant currently closed due to low demand for both the Focus and C-Max.
Farley, Odell Exchange Roles In Ford Exec Shuffle
Two Ford execs are about to have their passports stamped, as marketing chief Jim Farley and Ford of Europe general Stephen Odell are switching roles and addresses, effective on New Year’s Day 2015.
Lincoln To Undergo $5B Five-Year Extensive Revamp
Over the next five years, every Lincoln in the showroom presently will either be redesigned or replaced as part of an overall effort by Ford CEO Mark Fields to return to the premium brand to glory.
US-Korea Free Trade Agreement Results Darken Trans-Pacific Partnership
Two years after the Obama administration heralded its free trade deal between the United States and South Korea, the latter’s market remains relatively closed to the former’s exports.
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