Ford announced a major shake-up in its senior management ranks, days after the company reported a $1.7B fourth quarter loss that sent its already weak stock tumbling.
For his part, Chief Executive Officer Jim Hackett declined to point fingers, praising many of the steps Hinrichs had taken — including efforts to streamline Ford’s bloated corporate bureaucracy and get the automaker moving in a new direction.
hitting showrooms later this year. Under Hackett, Ford also is investing heavily in autonomous vehicles and other mobility services. “I didn’t see this coming," said Stephanie Brinley, principal auto analyst with IHS Markit, noting that the results of Friday’s shake-up “seem to move things in the direction Hackett wants to go."
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