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New Ford CEO Jim Hackett's base salary rose from $716,000 to $1.8 million. His total compensation for this year is valued at up to $13.4 million.
Ford issued two recalls for about 3,000 vehicles in North America. The largest involves a call-back of about 2,500 2017 Explorer SUVs, F-150 and Super Duty pickups.
The auto industries of the U.S., Canada and Mexico agree there should be no changes to rules of origin in NAFTA, the president of the Mexican automakers association said.
Ford's replacement of CEO Mark Fields with turnaround specialist Jim Hackett has put its European operations under scrutiny, with industry watchers speculating whether the company will exit the region like its rival, GM.
Days before it parted ways with former CEO Mark Fields, Ford offered retention stock bonuses to four top executives ranging from $2 million to $5 million.
It was déjà vu at Ford's world headquarters as Executive Chairman Bill Ford took the stage and introduced Jim Hackett as the automaker's new "transformational," turnaround-tested CEO.
Mark Fields' tenure as CEO coincided with a Donald Trump presidential candidacy that cast a harsh spotlight on the company's global production base.
Dave Pericak, head of Ford Performance, has been on countless hot laps on racetracks across the globe. But one in particular stands out.
After a successful two years as head of Ford's European, Middle East and African operations, Jim Farley moves back to the automaker's U.S. headquarters with an expanded set of responsibilities.
In the mid-1990s, I profiled Jim Hackett, now Ford's new CEO, as a "different kind" of CEO at Steelcase. Indeed he was.
Despite financial success, a lack of clarity about Ford's future, inability to inspire confidence in workers and indifference on Wall Street doomed Fields less than three years into his tenure.
Much like the standard sedan on the road and race car on the big oval, pace cars, too, have evolved over the years. Here's a look at some of the more notable Indy 500 pace cars over the years.
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