CNBC's Dominic Chu reports Ford's former CEO Alan Mulally will john Google's board of directors.» Read More
Ford CEO Alan Mulally has become the frontrunner to replace Steve Ballmer as CEO of Microsoft, technology website AllThingsD reported on Thursday.
CNBC's Dominic Chu reports Ford CEO is saying he will stay with Ford through the end of next year, and the New York City mayoral race will be narrowed down today.
Ford CEO Alan Mulally is playing down reports that he could leave the automaker and may in fact be a candidate to lead Microsoft. CNBC's Phil LeBeau has the details.
Microsoft is an unwieldy business and should be broken up, CNBC's Jim Cramer said Friday, and it needs a savior to drive a corporate "miracle" to get the company back on track.
CNBC's Phil LeBeau and Alan Mulally, Ford Motor president and CEO, discuss how the automaker's expanding production in Detroit is creating jobs and boosting the economy.
Microsoft's newly announced restructuring plan could create significant value for shareholders and may change Wall Street's opinions of the company, CNBC's Jim Cramer says.
*Joe Hinrichs moves to head of the Americas. Nov 1- Ford Motor Co said Alan Mulally has agreed to stay on as chief executive for at least two more years, giving the No. 2 U.S. automaker more time to gauge potential successors-- or keep Mulally on longer if needed.
*Joe Hinrichs moves to head of the Americas. Nov 1- Ford Motor Co promoted long-time executive Mark Fields to chief operating officer as part of a management shuffle announced on Thursday that keeps Alan Mulally as chief executive for at least two more years.
Exxon Mobil, the world's largest publicly traded oil company, reports a lower profit that topped expectations, as higher results from its refining arm counters a 7.5 decline in oil and gas output. (EXXON-EARNINGS/ moved, by Anna Driver, 320 words).
Nov 1- Ford Motor Co shuffled its management team on Thursday, promoting longtime executive Mark Fields to chief operating officer, and said its chief executive officer, Alan Mulally, would stay on through 2014..
The "Squawk on the Street" news team reports on today's market-moving headlines, including news Ford's current CEO will remain at least through 2014. CNBC's Phil LeBeau weighs in on the automaker's leadership plan.
DETROIT-- Ford has scheduled a conference call for Thursday morning and may announce a succession plan for CEO Alan Mulally. Many in the company expect Americas President Mark Fields to be promoted to Chief Operating Officer, a step that prepares him to take over for Mulally. Ford Motor Co. spokesman Jay Cooney would not say what the conference call is about.
*North America earns more $2 bln for three straight quarters. DETROIT, Oct 30- Ford Motor Co on Tuesday posted a third-quarter profit that trounced Wall Street forecasts due to higher vehicle prices and record-high profit margins of 12 percent in North America.
*GM brands all gain; Toyota sweeps top three. DETROIT, Oct 29- Ford Motor Co tumbled to nearly the bottom of an annual survey of vehicle reliability due to flaws in its touch-screen navigation and entertainment system, while Japanese automaker Toyota Motor Corp swept the top three spots.
*Ford to move Southampton production to Turkey. LONDON/ DETROIT, Oct 25- Ford motor Co unleashed a second volley of European job cuts and plant closures on Thursday in a bid to halt regional losses that the automaker now expects to surpass $3 billion over two years.
With losses increasing in Europe, and the outlook for sales looking grim, Ford Motor said it will now close a second final assembly plant in that continent and cut nearly a fifth of its capacity.
LONDON-- Ford pressed ahead Thursday with its plan to slash production in Europe, announcing another plant closure and 1,500 more job cuts, as it warned that annual losses in the region will exceed $1.5 billion this year and next.
LONDON-- Carmaker Ford announced Thursday it will cut 1,500 jobs in Britain, closing a plant and eliminating a stamping and tooling facility, as it warned that losses in Europe will exceed $1.5 billion this year. Ford Motor Co., which on Wednesday announced the closure of another plant in Brussels, is struggling in Europe, as are many major carmakers.
Ford in the U.S. continues to grow profits and profit margins with a steady cadence of new and re-designed models. That will be the focus this fall even as reporters pepper Mulally with questions about his succession plans.
Ford CEO Alan Mulally laid out the automaker’s plan to bolster its faltering sales in Europe. The plan hinges in part on 15 new and redesigned models Ford will sell in Europe over the next 5 years.