Chiefs’ Thomas suspended by NFL; 2 trades made on cut day
KANSAS CITY, Mo. (AP) — Chiefs wide receiver De'Anthony Thomas was suspended for the season opener for violating the NFL's substance-abuse policy Saturday, part of a busy cut day that included a...
Clemson backups Fields, Powell out vs Syracuse
CLEMSON, S.C. (AP) — Clemson cornerback Mark Fields and receiver Cornell Powell will miss the game against Syracuse for disciplinary reasons.
The team announced the suspensions shortly before kickoff with the Orange on Saturday. The Tigers say Clemson coach Dabo Swinney will address the issue after the game.
Fields is a senior with four tackles and a pass breakup in 110 snaps this season. Powell is a junior who has had five catches for 63 yards.
Dearborn — Ford Motor Co. paid new CEO Jim Hackett $16.73 million in 2017. The automaker disclosed its top executives' pay in a Thursday filing with the Securities and Exchange Commission.
The amount paid to Hackett is less than the $22,102,498 the company paid former CEO Mark Fields for all of 2016. The Blue Oval ousted Fields in late May last year, but paid him $21 million in 2017. Hackett officially took over on May 19.
Howes: Ford bets future on rich past of pickups, SUVs
The Blue Oval has seen the future and it looks a whole lot like its past, a rich heritage in trucks, SUVs and performance vehicles.
Ten months after CEO Jim Hackett's battlefield promotion to replace Mark Fields, Ford Motor Co. began Thursday to detail how it plans to strengthen the core business and improve its financial gearing amid an industry shift toward mobility, autonomy and electrification.
Howes: Ford waiting game raises investor expectations
It's been nine months since Ford Motor Co. directors ousted their CEO in favor of Jim Hackett, the longtime Steelcase Inc. CEO who headed the Blue Oval's Smart Mobility unit before his battlefield promotion last May.
Dearborn — Ford Motor Co. made $7.6 billion in 2017, a 65 percent increase from the previous year.
The results were driven by strong performances in North America and the company's financial services sector. They come eight months after Ford replaced former CEO Mark Fields in May with Jim Hackett, the man who had been leading the company's electrification, self-driving and mobility initiatives.
Ford CEO wants to make the iPhone of self-driving cars
Ford Motor Co. CEO Jim Hackett wants his company to build the iPhone of self-driving cars.
That was one of the points Hackett touched on Thursday as he talked about his rise to the top of Ford, how difficult it would be to explain the rules of the road if he were riding in a Ford Mustang with a Martian – and Ford's position as an automotive and technology company. The comments came in response to questions at the Business Leaders for Michigan's CEO Summit in Detroit.
The realignment of Ford Motor Co.'s top ranks under President and CEO Jim Hackett is continuing. Several executives shifted roles, while others, including the head of global strategy, are leaving the Blue Oval.
It's the second major shakeup since Hackett was appointed to lead the Dearborn-based automaker in May, when he restructured the executive ranks initially into what he and other company officials called a more rational flowchart.
Former Ford CEO Mark Fields' next role is in private equity.
Fields recently began working as a senior adviser for global private equity firm TPG Capital, the company announced. Fields was let go from Ford in late May.
Ford plans $14B in cost cuts as part of new CEO’s strategy
DETROIT (AP) — Ford Motor Co.'s new CEO plans to cut $14 billion in costs, drop some car models and focus the company's resources on trucks, SUVs and electric vehicles as part of a renewed effort to win over skeptical investors.
New Ford CEO says company will balance present with future
DETROIT (AP) — The new CEO of Ford Motor Co. says the company isn't taking its eyes off the present as it prepares for transportation in the future.
Jim Hackett, who replaced Mark Fields in May, says new mobility projects such as buying a shuttle company and the purchase of an artificial intelligence startup have not taken money from car and truck development.
Ford’s ex-CEO leaves company with $51.1 million
DETROIT (AP) — Ford's former CEO Mark Fields is leaving the company with an estimated $51.1 million in cash, stock awards and pension benefits.
Fields, 56, retired earlier this week after three years as CEO. Ford made record profits during his tenure but its stock price dropped nearly 40 percent on investors' concerns about the company's future.
Executive compensation tracking firm Equilar calculated Fields' compensation for The Associated Press.
DETROIT (AP) — Ford Motor Co.'s new CEO got a $1 million bonus when he took on his new role this week.
CEO Jim Hackett will have a base salary of $1.8 million per year. That's the same base pay as outgoing CEO Mark Fields.
Hackett is eligible for a bonus that could triple his base salary each year. He also received performance-based stock units worth $5.2 million over three years and stock units worth $1.75 million if he stays at Ford until 2020.
Ford ousts CEO as auto industry faces transformation
In the latest sign that driverless cars and other revolutionary new technologies are shaking automakers to their roots, the chief executive of Ford Motor Co. just got tossed.
The replacement of Mark Fields with Jim Hackett, who had been running a new unit focused on cutting-edge transportation, is a big deal for Ford. But with the auto industry in upheaval, it's only the opening act in a long-running drama that will roil automakers for many years to come.
NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday:
Ford Motor Co., up 23 cents to $11.10
The automaker replaced CEO Mark Fields with Jim Hackett, the head of its mobility business.
Boeing Co., up $2.91 to $183.67
Defense and aerospace companies rose after President Donald Trump approved a large sale of military equipment to Saudi Arabia.
Huntsman Corp., down 56 cents to $26.15
The chemicals company agreed to combine with Clariant of Switzerland.
Ford Replaces CEO in Push to Transform Business
Report: Ford plans job cuts to boost profits
DETROIT (AP) — The Wall Street Journal reports that Ford Motor Co. is planning substantial job cuts in order to boost profits and raise its stock price.
The newspaper says the cuts would target salaried employees and would reduce Ford's global headcount by an equivalent of 10 percent.
Trump says Ford investing in 3 Michigan auto plants
WASHINGTON (AP) — President Donald Trump says that Ford Motor Co. is planning to invest in three Michigan auto plants.
Trump tweeted early Tuesday, "Big announcement by Ford today. Major investment to be made in three Michigan plants. Car companies coming back to U.S. JOBS! JOBS! JOBS!"
Trump has held several meetings at the White House with auto executives since taking office that often included Ford chief executive Mark Fields.
Ford CEO hopeful that Trump will ease gas mileage standards
DEARBORN, Mich. (AP) — Ford Motor Co.'s top executive is hopeful that President Donald Trump could ease government fuel economy requirements and reduce corporate taxes to help the auto industry grow and create jobs.
The comments from Chief Executive Mark Fields came Thursday, two days after he and his counterparts at Fiat Chrysler Automobiles and General Motors Co. met with Trump at the White House.
Ford Talks Mobility at Detroit Auto Show
Ford CEO says Trump threats won’t change small car plans
DETROIT (AP) — Ford Motor Co. is going ahead with plans to move small-car production from the U.S. to Mexico despite President-elect Donald Trump's recent threats to impose tariffs on companies that move work abroad.
The Latest: Trump tweets about Ford decision on auto plans
WASHINGTON (AP) — The Latest on Donald Trump's transition to the presidency (all times EST):
President-elect Donald Trump says on Twitter that Ford Motor Co. won't move Lincoln production from Kentucky to Mexico.
Trump says in a tweet that Ford Executive Chairman Bill Ford called him Thursday evening with the news.
Ford CEO says production plans on track despite election
DETROIT (AP) — Ford Motor Co. CEO Mark Fields says the presidential election won't change the company's plans to move small car production to Mexico.
President-elect Donald Trump has repeatedly criticized Ford for moving production to Mexico. Trump wants to renegotiate the North American Free Trade Agreement and has called for a 35-percent tariff on goods shipped from Mexico.
Ford’s 3Q profit falls on recall, truck launch
DEARBORN, Mich. (AP) — Troubles in Ford Motor Co.'s home market — including slowing U.S. sales, a massive recall and the difficult launch of new heavy-duty pickups — are hurting the company's bottom line.
Ford said Thursday its net income plunged 56 percent to $957 million in the third quarter. The earnings, of 24 cents per share, compared to earnings of 55 cents per share in the July-September period a year ago.
Ford expects lower profit in 2017
DETROIT (AP) — Ford Motor Co. said Wednesday that a plan to embrace "mobility" and spend billions on electric and autonomous vehicles will hurt its bottom line in the short term but lead to frothier profit margins in the future.
Ford said profit from its core business of selling cars and trucks will improve over the next three years. But its ambitious plan to invest in emerging businesses will damp pretax profit next year before it rebounds in 2018.
Ford confirms small car production moving from US to Mexico
DETROIT (AP) — Ford Motor Co. says it's moving all of its U.S. small car production to Mexico.
Ford CEO Mark Fields confirmed the long-expected move Wednesday during an event for investors and Wall Street analysts.
Ford currently makes its Fiesta subcompact in Mexico, but its Focus and C-Max small cars are made in suburban Detroit. Making them in Mexico would boost company profits because of low wages there.
Ford says it will have a fully autonomous car by 2021
DETROIT (AP) — Ford Motor Co. intends to have a fully driverless vehicle — no steering wheel, no pedals — on the road within five years. The car will initially be used for commercial ride-hailing or ride-sharing services, with sales to consumers coming later.
"This is a transformational moment in our industry and it is a transformational moment for our company," said CEO Mark Fields, as he announced the plan Tuesday at Ford's Silicon Valley campus in Palo Alto, California.
Ford to invest $75M in autonomous vehicle sensor company
DETROIT (AP) — Ford and the Chinese search engine company Baidu will each invest $75 million in Velodyne, a company that makes laser sensors that help guide self-driving cars.
Ford surprises with lower 2Q profit on trouble in US, China
DEARBORN, Mich. (AP) — Ford Motor Co.'s shares tumbled Thursday after it reported weaker-than-expected second-quarter earnings and warned that things could get worse in the second half of the year.
Ford's net income fell 9 percent to $2.0 billion in the second quarter as the company struggled with flattening U.S. sales and a tougher market in China.
The Dearborn, Michigan-based company said its full-year guidance — which calls for a pretax profit of $10 billion...
Ford makes leadership changes in Europe & South America
Ford Motor Co. on Monday made leadership changes to its team in Europe and South America, and added another executive to its fledgling Smart Mobility LLC subsidiary.
Barb Samardzich, vice president and chief operating officer of Ford of Europe will retire Oct. 1 and will be replaced by Steven Armstrong, currently the president of Ford South America.
The 57-year-old Samardzich has been COO of Europe since November 2013 and has worked at Ford for more than 26 years....