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Ford Motor replaces CEO amid declining profits

Jim Hackett, who oversees autonomous vehicles unit, will take over from Mark Fields

During Mr Fields' (above) tenure he came under fire from investors and Ford's board for failing to expand the company's core car business and for lagging in developing the high-tech cars of the future.

Dearborn, Michigan

IN A shake-up reflecting the pressures on the US car industry, Ford Motor Co is replacing its chief executive, Mark Fields, according to officials briefed on the move.

Jim Hackett, who oversees the Ford subsidiary that works on autonomous vehicles, will take the...

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