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Ford moves to trim its ranks as its CEO faces test

Investors are questioning the leadership of its chief executive Mark Fields as Ford's stock has declined about 40% since he took over three years ago, and 10% since Jan 1
Friday, May 19, 2017 - 05:50

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The company's earnings fell more than 30 per cent in the first quarter, and Mr Fields has said the full-year results will also be down from 2016.

Detroit

IT was not long ago that Ford Motor Co was considered the healthiest of the Detroit carmakers.

Unlike General Motors and Chrysler, Ford survived the financial crisis that began in 2007 without the help of bankruptcy or a government bailout, and had appeared well positioned

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