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
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 to take advantage of the booming US vehicle market.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Port congestion in Singapore leads to some liners skipping calls here
Toyota’s global volumes fall in April, led by drops in China and Japan
Comac’s C919 jet to make first commercial flight outside mainland China
Boeing set to deliver plan to regulators on upgrading safety
EU Commission to postpone Chinese EV tariff decision
SIA’s new safety measures affecting in-flight service, raising crew stress levels