Autos James Hackett

  • March 21- Ford Motor Co on Thursday named Amazon.com Inc veteran Tim Stone as chief financial officer, the automaker's first external hire for the role in seven decades. Stone, 52, replaces Bob Shanks, who will retire at the end of 2019 after serving the company for 42 years. The group included Robert McNamara and Arjay Miller, both of whom later became Ford...

  • Workers build a truck as it goes through the assembly line at the Ford Kentucky Truck Plant in Louisville, Kentucky.

    Ford is building a new plant in Michigan as the company realigns factories to focus on its future lineup of self-driving and electric cars.

  • Last month, Ford said it would close its oldest factory in Brazil. It also said it would get out of its heavy commercial truck business in South America, a move that could cost more than 2,700 jobs. Ford has said its global reorganization will involve thousands of jobs and possible plant closures in Europe and result in $11 billion in charges.

  • SAO PAULO/ DETROIT, Feb 19- Ford Motor Co said on Tuesday it will close its oldest factory in Brazil and exit its heavy commercial truck business in South America, a move that could cost more than 2,700 jobs as part of a restructuring meant to end losses around the world. Following that announcement, analysts and investors had expected a similar restructuring in...

  • SAO PAULO/ DETROIT, Feb 19- Ford Motor Co said on Tuesday it would exit its heavy commercial truck business in South America in a plant closing that could cost more than 2,700 jobs, part of a global restructuring meant to end losses in different regions. The factory in Sao Bernardo do Campo, an industrial suburb of Sao Paulo, has operated since 1967 and was Ford's first...

  • Feb 13- Partners Volkswagen AG and Ford Motor Co are at odds over how much the German automaker will invest in the No. 2 U.S. automaker's self-driving vehicle unit, with Ford seeking at least $500 million, people familiar with the negotiations said. Analysts and investors have focused on the potential savings their alliance could generate, so any sign of problems...

  • Feb 13- Volkswagen AG and Ford Motor Co have been unable to reach agreement on whether or how much the German automaker will invest in Ford's self-driving vehicle unit, people familiar with the negotiations said. VW has resisted agreeing to invest in Ford's autonomous vehicle unit, instead preferring to announce the companies will simply work together in that...

  • Jan 24- Ford Motor Co Chief Executive Jim Hackett told employees late on Thursday the No. 2 U.S. automaker would not accept last year's "mediocre" results and said the company was aiming to nearly double its annual operating profit. Ford announced its fourth-quarter results on Wednesday, reporting a 2018 operating profit of $7 billion with a profit margin of 4.4...

  • DETROIT, Jan 23- Ford Motor Co on Wednesday posted a lower operating fourth-quarter profit as losses in every global region except North America weighed on results. It is making cuts in Europe, looking to reorganize its South American operations and turn around China- all unprofitable regions. Ford said on Jan. 10 that it would cut thousands of jobs and look at...

  • DETROIT, Jan 15- Volkswagen AG and Ford Motor Co said on Tuesday they will join forces on commercial vans and pickups and are exploring joint development of electric and self-driving technology, actions meant to save the automakers billions of dollars. Ford and VW announced their partnership against the backdrop of the Detroit auto show.

  • DETROIT, Jan 15- Volkswagen AG and Ford Motor Co said on Tuesday they will join forces on commercial vans and pickups and also that they were exploring shared development of electric and self-driving technology, actions meant to save the automakers billions of dollars. Ford and VW announced their partnership against the backdrop of the Detroit auto show.

  • 14 January 2019, US, Detroit: Jim Hackett (r), CEO of Ford, and Herbert Diess, CEO of VW, talk about the fair together. Industry experts expect the announcement of a cooperation between VW and Ford in the light commercial vehicle sector.

    Both automakers already have commercial vehicles businesses around the world, and the commercial vehicle segment is expected to grow in the near future.

  • Ford and VW will announce their partnership against the backdrop of the Detroit auto show, VW Chief Executive Herbert Diess told reporters on Monday. The two automakers have been exploring closer cooperation as trade frictions force carmakers to rethink where they build vehicles for Europe, the United States and China. Slowdowns in the world's largest auto...

  • Ford and VW will announce their partnership against the backdrop of the Detroit auto show, VW Chief Executive Herbert Diess told reporters on Monday. The two automakers have been exploring closer cooperation as trade frictions force carmakers to rethink where they build vehicles for Europe, the United States and China. Slowdowns in the world's largest auto...

  • DETROIT, Jan 14- Ford Motor Co wants the Trump administration to resolve various trade issues faced by the United States, including a trade war with China and a finalized revision of the North American trade agreement, so the carmaker can plan effectively, top executives said on Monday. U.S. trade officials are negotiating a new deal with China in the hopes of...

  • Here's what Ford's CEO says to expect from the company in 2019

    CNBC's Phil LeBeau sits down with Ford CEO Jim Hackett to discuss the state of the company and what they expect going forward.

  • Ford and VW have been exploring closer cooperation as trade frictions force carmakers to rethink where they build vehicles for Europe, the United States and China, and as software companies prepare to launch their own self-driving cars. A global alliance is expected to be announced, one person said, adding that the pact will be unveiled next Tuesday during the...

  • HAMBURG/ DETROIT, Jan 9- Volkswagen AG and Ford Motor Co will unveil a deeper alliance next week that goes beyond cooperating in commercial vehicles in a move meant to save the automakers billions of dollars as they develop new technologies, two people familiar with the plan said on Wednesday. Ford and VW have been exploring closer cooperation as trade frictions...

  • HAMBURG/ DETROIT, Jan 9- Volkswagen AG and Ford Motor Co will unveil a deeper alliance next week that goes beyond cooperating in commercial vehicles in a move meant to save the automakers billions of dollars as they develop new technologies, two people familiar with the plan said on Wednesday. Ford and VW have been exploring closer cooperation as trade frictions...

  • Jim Hackett, president and chief executive officer, Ford Motor stands outside the headquarters as they celebrate the production of the 10,000,000 Mustang on August 8, 2018 in Dearborn, Michigan. 

    Ford CEO Jim Hackett said on a conference call the automaker will begin sharing more information on the plans to redesign the company