Ford CEO Jim Farley takes over at a time when the 117-year-old company is faces many challenges. Spencer Platt/Getty Images On his first day as CEO of Ford, Jim Farley shook up his management team. CFO Tim Stone departed, and another executive was tasked with focusing exclusively on the Lincoln brand. But the biggest news was Ford's declaration that it would hit an elusive 8% annual profit margin, a target it has missed for a decade. Farley, known as a demanding leader, has the new vehicles coming to market that he needs to bring in lots of cash. But he has to manage Wall Street expectations driven by the runaway success of Tesla, negotiate a shift to electric vehicles, deal with the ongoing coronavirus downturn, and stare down an inevitable sales decline after a five-year boom.

BING NEWS:
  • Ford's new CEO Farley promises urgency at automaker, shakes up management
    Farley, on his first day as Ford's 11th CEO, also announced an executive shake ... Hackett and Ford have been criticized by some on Wall Street for not moving quickly enough on its restructuring.
    10/1/2020 - 8:14 am | View Link
  • Ford's new CEO hopes to win over Wall Street and boost profit margins by doubling down on trucks and Mustangs
    Ford has a new CEO, and he's making changes ... deliver an 8% profit margin that the company has been promising Wall Street since the financial crisis. But he's not going to do it by playing ...
    10/1/2020 - 8:01 am | View Link
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BING SEARCH:
  • New Ford CEO replaces CFO, pledges stronger profit margins
    Farley says in the statement that Ford has made progress under retiring CEO Jim Hackett, but he wants to speed up its transformation, which has been in the works for over a year. The company has plans to grow revenue and hit a sustained 8% pretax profit margin, but Ford gave no time frame to reach that goal.
    10/20/2020 - 3:31 am | View Website
  • Car Reviews, New and Used Car Prices, Photos and Videos ...
    Get information on the latest cars, motorcycles and trucks with expert reviews, classic car auction, information on new and used car prices, restomods and regular auto shows coverage. There’s also videos and photos of the top-ranked cars, incl. hybrid and electric models
    10/17/2020 - 5:32 pm | View Website
  • Ford's new CEO hopes to win over Wall Street and boost ...
    Ford's new CEO hopes to win over Wall Street and boost profit margins by doubling down on trucks and Mustangs Ford CEO Jim Farley takes over at a time when the 117-year-old company is faces many...
    10/1/2020 - 6:27 pm | View Website
  • Ford's new CEO hopes to win over Wall Street and boost ...
    Ford's new CEO hopes to win over Wall Street and boost profit margins by doubling down on trucks and Mustangs Business Insider - 1 Oct 2020 18:21 Jim Farley has the new vehicles coming to market that he needs to bring in lots of cash.
    10/1/2020 - 6:05 pm | View Website
  • Ford's new CEO hopes to win over Wall Street and boost ...
    © Spencer Platt/Getty Images Ford's new CEO hopes to win over Wall Street and boost profit margins by doubling down on trucks and Mustangs On his first day as CEO of Ford, Jim Farley shook up his...
    10/1/2020 - 5:44 pm | View Website
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