Tag: jim farley

By on February 25, 2021

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On Wednesday, Ford CEO Jim Farley told attendees of the Wolfe Research Auto Conference that the United States needs to start building batteries for the industry’s planned deluge of electric vehicles now that semiconductor shortages have revealed the dangers of needing to source essential components from the other side of the planet.

Farley is likely correct in stating that America really should be able to supply itself, and not just in regard to semiconductor chips. Pandemic-related lockdowns crippled countless industries by upsetting the balance of supply lines. Halfway through 2020, farmers were dumping millions of gallons of milk per day and plowing up fields of eatable vegetables as restaurants were shutdown; factories were idled as part shortages became commonplace; cleaning supplies and disinfectants became impossible to find.

But it’s hard to translate that into sympathy for Ford because, while all of the above was happening, the automaker’s leadership was saying that there was no good reason to manufacture its own batteries.

(Read More…)

By on February 12, 2021

Battery suppliers LG Chem and SK Innovation have what could be politely described as an intense rivalry. With the automotive industry desperate to secure reliable access to the most essential components for the planned electric vehicle offensive, chemical companies specializing in electronics are very much in demand and they’re all jockeying for power.

On Wednesday, the U.S. International Trade Commission (ITC) sided with LG Chem after it had accused SK Innovation of misappropriating trade secrets pertaining to EV battery technologies. But Ford CEO Jim Farley is asking the South Korean businesses to call a ceasefire and settle things out of court, presumably through the transfer of a large sum of money.

(Read More…)

By on October 23, 2020

Jim Farley. Image: Ford

Car Twitter is a weird, wonderful online “place”, but sometimes bad takes bubble up. And there’s a double-whammy of bad takery floating around this afternoon.

Take number one: Ford CEO Jim Farley is taking an unnecessary risk by racing cars that could hurt Ford should an accident leave him dead or too injured to work/lead the company, according to some experts interviewed by the Detroit Free Press for a story by Jamie LaReau.

Take number two: The Freep and/or Jamie are dumb for publishing/writing this article.

(Read More…)

By on August 4, 2020

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After being named as Ford’s next CEO, the automaker’s current chief operating officer, Jim Farley, says the company is on the proper course, with no need to reverse the tech-driven direction taken under the outgoing Jim Hackett.

Speaking to Reuters, Farley said the hunt for new revenue streams in a rapidly evolving technological landscape will continue. (Read More…)

By on August 4, 2020

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A bombshell just landed from Ford, as the automaker announced the impending retirement of CEO Jim Hackett and his replacement by Chief Operating Officer Jim Farley, effective October 1st.

Ford said Tuesday that Hackett, 65, whose tenure has been the subject of much speculation and criticism as the company navigates wildly turbulent waters, “elected” to retire. He replaced the ousted Mark Fields in 2017. In his place rises Farley, who also joins the company’s board of directors. (Read More…)

By on May 5, 2020

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Ford Motor Company COO Jim Farley has purchased $1 million of stock in the company he works for as a sign of faith that the Blue Oval can and will recover. You might recall Farley from his recent promotion, one resulting from a March management shakeup that forced Ford’s former head of automotive Joe Hinrichs out of the company. That situation ruffled a few feathers, but it’s ancient history now, considering what landed on Ford’s plate later in the month.

The automaker went into the coronavirus pandemic in the midst of a comprehensive and costly restructuring campaign. Government-mandated lockdowns soon stymied the economy, negatively influencing Ford’s share price. Plenty of automakers find themselves in similar situations, creating an impetus to further walk back mobility claims they were all betting on — or, more accurately, getting Wall Street to bet on.  (Read More…)

By on April 30, 2020

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Ford Motor Company’s chief operating officer, Jim Farley, joined the company’s chief human resources officer, Kiersten Robinson, and manufacturing and labor affairs boss Gary Johnson for a media Q&A Thursday, offering up details on what it will look like when the automaker returns to the business of cranking out cars trucks and SUVs.

That’s already begun in China, where 90 percent of the company’s employees are now back to work. It’s Europe’s turn to come back online now (the region is due to start a ramp-up on May 4th), as the Blue Oval awaits the go-ahead from the state of Michigan.

It all hinges on Michigan, apparently, given the critical mass of manufacturing and suppliers in that locale. When Gov. Whitmer eases shelter-in-place orders, Farley said, the company will leap into action. (Read More…)

By on April 17, 2020

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Few C-suites undergo renovations quite as often as Ford’s. The automaker’s executive ranks have again seen a revision, with the biggest promotion going to Kumar Galhotra (pictured above), formerly president of Ford’s North American region and ex-boss of the Lincoln brand — a role he earned considerable kudos for.

Elsewhere in the shakeup, which was ordered by recently minted chief operating officer Jim Farley following a 10-week “deep dive,” are promotions and additions designed, among other things, to sharpen “Ford’s focus on product and launch execution.” Among the new hires? A former Israeli intelligence officer.

It seems last year’s botched Explorer/Aviator roll-out continues to make ripples. (Read More…)

By on February 26, 2020

Addressing a crowd at the Wolfe Research Global Auto, Auto Tech and Mobility Conference in New York City on Tuesday, Jim Farley said he sees similarities between Ford’s present situation and that of the 2009 financial crisis that nearly sunk the Detroit Three. He feels it in the hallways of Ford’s Dearborn HQ.

As automakers grapple with a number of challenges in a rapidly changing industry, Farley, who takes on the role of Ford’s chief operating officer March 1st, outlined how he plans to deliver his mandate of a global pre-tax margin of 8 percent. For starters, there’s the issue of launches. (Read More…)

By on February 7, 2020

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Joe Hinrichs, a top Ford executive tasked with overseeing the company’s global businesses, manufacturing, and product development — and once seen as a potential successor to CEO Jim Hackett — is retiring from the automaker.

The news comes just days after a dismal fourth-quarter earnings report revealed a profit loss of nearly 99 percent in 2019 and a Q4 hit of more than $1.6 billion — with much of the financial damage stemming from the botched launch of the next-generation Explorer. (Read More…)

By on April 10, 2019

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Ford Motor Company veteran Marcy Klevorn is set to retire come October, leaving her position as head of mobility in need of filling. No need for new blood in Ford’s C-suite, however, as there’s apparently room on Jim Farley’s plate.

Farley, Ford’s head of global markets, will add a new hat to his wardrobe even before Klevorn, 59, leaves the Glass House. Klevorn, whose tenure at Ford spans 36 years, will move to a (brief) new role after Farley dons the title of president of businesses, technology and strategy. There’s new responsibilities and a new title for global operations head Joe Hinrichs, too. (Read More…)

By on January 15, 2018

One of the talking points at Ford’s reveal of the North American market Ranger, Edge ST, and the latest coming of the Mustang Bullitt, was the automaker’s commitment of $11 billion dollars to the further electrification of Ford’s product lineup. An upcoming hybrid version of the F-150 pickup truck was announced and the presentation ended with the tease of a “performance” battery electric vehicle to be on sale for the 2020 model year under the Mach 1 name.

While it’s now clear that the new Mach 1 will be a purely electrically powered vehicle, Ford was less forthcoming about what kind of vehicle it is going to be. Don’t assume that it will be based on the Mustang. (Read More…)

By on October 5, 2017

2017 Ford Focus S sedan - Image: FordRarely does one hear an automaker point out that the next generation of a popular product is headed downmarket.

Even when a vehicle is repositioned in a lower end of the market, “downmarket” is the last word you’re going to hear out of an auto executive’s mouth. Instead, automakers up the value quotient, cater to the demands of discerning buyers, or find new production efficiencies we can pass on to the customer.

More often, automakers tout their new product as a move upmarket. So it is with Ford Motor Company’s fourth-generation Focus, according to Jim Farley, formerly of Ford of Europe and current head of Ford global markets. “It goes upmarket in exactly the same way as the new Fiesta,” Farley says.

Also like the new Fiesta, the 2019 Ford Focus will spawn an Active variant. Subaru Crosstrek here we come? (Read More…)

By on May 22, 2017

[Image: Ford]

Ahead of a news conference at Ford’s Dearborn headquarters, the automaker has announced Jim Hackett as its new president and chief executive officer.

The news follows last night’s report of the ouster of former CEO Mark Fields by the company’s board of directors. In an official release, Ford refers to Hackett as a “transformational business leader” who will succeed the “retiring” Fields.

Before being named chairman of the newly created subsidiary Ford Smart Mobility LLC in March of 2016, Hackett, 62, served on the company’s board for three years and was a member of its Sustainability and Innovation committee. Prior to joining Ford, the executive gained accolades for his turnaround of American office furniture company Steelcase, where he spent 30 years. As interim director of athletics at the University of Michigan, Hackett lured Jim Harbaugh away from the San Francisco 49ers to serve as head football coach.

Hackett’s job won’t be an easy one. Besides guiding the company through a disruptive era of new technologies, the new CEO must reverse Ford’s flagging fortunes. (Read More…)

By on May 22, 2016

Jim Farley, Image: Sam VarnHagen/Ford

Motor Trend, a part of the “TEN: The Enthusiast Network” machine, grabs the marketing attention of automaker C-suites in ways that this humble blog can’t — and won’t.

Using its clout, you’d think Motor Trend would dig up the goods when given the chance to sit down with Ford’s main man in Europe, Jim FarleyYou’d think wrong. Instead, Motor Trend offers up this stunning, 530-word game of interview softball.

(Read More…)

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