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  • William Maley
    William Maley

    Herbert Diess Becomes the New Volkswagen Group CEO

      Is Diess a big deal? I'll show myself out

    Yesterday, Volkswagen's supervisory board showed current CEO Matthias Müller the door and announced that Dr. Herbert Diess, the current head of the Volkswagen brand will take his place. This confirms reports earlier this week about a change in leadership

    In a statement, Volkswagen said the decision of Müller's departure was “mutual” and will be effective immediately. 

    “Matthias Müller has done outstanding work for the Volkswagen Group. He assumed the chairmanship of the Board of Management in the fall of 2015 when the Company faced the greatest challenge in its history. Not only did he safely navigate Volkswagen through that time; together with his team, he also fundamentally realigned the Group’s strategy, initiated cultural change and, with great personal commitment, made sure that the Volkswagen Group not just stayed on track but is now more robust than ever before. For that, he is due the thanks of the entire Company,” said Hans Dieter Pötsch, chairman of the supervisory board.

    Diess' rise to CEO is surprising considering he joined Volkswagen from BMW in 2015 - just a few months before the diesel emission scandal came to light. He has made great strides in improving Volkswagen's tendency to spend money like its going out of style. This was important during the aftermath of diesel emission scandal.

    “The Volkswagen Group is a union of strong brands with great potential. Matthias Müller has laid the groundwork for our transformation. My most important task will now be to join with our management team and our Group workforce in consistently pursuing and pushing forward our evolution into a profitable, world-leading provider of sustainable mobility. In a phase of profound upheaval in the automotive industry, it is vital for Volkswagen to pick up speed and make an unmistakable mark in e-mobility, the digitalization of the automobile and transportation as well as new mobility services,” Diess said in a statement.

    This wasn't the only change made by Volkswagen's supervisory board yesterday. The company will reorganize their passenger car brands into three groups.

    • Volume: Seat, Skoda, and Volkswagen
    • Premium: Audi
    • Super Premium: Bentley, Bugatti, Lamborghini, and Porsche

    Volkswagen's truck division will go into their own separate unit.

    Diess is also planning a review of all the companies under the Volkswagen group umbrella (Ducati motorcycles and Renk, a transmission maker) to see whether it makes sense to keep them.

    "We've lost a great deal of trust with customers. It will be a long, rough road to gain it back," said Diess.

    Source: Automotive News (Subscription Required), 2, Reuters, Volkswagen

    EXTENSIVE REVISION OF VOLKSWAGEN GROUP MANAGEMENT STRUCTURE DECIDED

    Apr 12, 2018

     

    • Board of Management and Supervisory Board pave the way for more efficient Group management
    • Group will be organized into six business areas and the China region
    • Dr. Herbert Diess follows Matthias Müller as Chairman of the Group’s Board of Management
    • Supervisory Board thanks Matthias Müller for outstanding service
    • New head of Human Resources and Organization – Gunnar Kilian to follow Karlheinz Blessing
    • Dr. Garcia Sanz leaves the Company at his own request
    • Porsche CEO Oliver Blume appointed to Group Board of Management

     

    WOLFSBURG, April 12, 2018 – The Board of Management and Supervisory Board of Volkswagen Aktiengesellschaft have resolved to extensively revise the Group’s management structure. Volkswagen is thus systematically continuing to transform its business and establishing even more efficient Group management in a phase of highly dynamic change in the Company and the entire automotive industry. In order to sustainably implement the new structure, there will be a number of changes on the Board of Management. Matthias Müller steps down as Chairman of the Board of Management by mutual agreement, effective immediately. At its meeting on Thursday, the Supervisory Board appointed Dr. Herbert Diess as his successor.

    Chairman of the Supervisory Board Hans Dieter Pötsch expressly thanked Müller for his dedication: “Matthias Müller has done outstanding work for the Volkswagen Group. He assumed the chairmanship of the Board of Management in the fall of 2015 when the Company faced the greatest challenge in its history. Not only did he safely navigate Volkswagen through that time; together with his team, he also fundamentally realigned the Group’s strategy, initiated cultural change and, with great personal commitment, made sure that the Volkswagen Group not just stayed on track but is now more robust than ever before. For that, he is due the thanks of the entire Company.”

    The introduction of the brand groups Volume, Premium and Super Premium, along with the planned preparation for capital market readiness of Truck & Bus, create the basis for a more subsidiary leadership of the Group. The Chairmen of the Board of Management responsible for the brand groups will be taking on additional Group management roles. Following this reorganization, Herbert Diess will be responsible for Group Development and Research, Rupert Stadler for Group Sales, and Oliver Blume for Group Production.

    Additional Group functions will be allocated according to the same principle. Due to the special significance of vehicle connectivity, Vehicle IT will be led by Herbert Diess himself; Company IT will be headed by Frank Witter. Procurement and Components are to be combined into one unit going forward.

    The new structure streamlines Group management, systematically leverages synergies in the individual operating units and speeds up decision-making. “The Volkswagen Group’s goal is and remains to align the Company and its brands with future needs, to safeguard its position among the leaders of the international automotive industry with innovativeness and profitability and to be instrumental in shaping tomorrow’s personal mobility with the strength of our Group brands. Herbert Diess is the right manager to do that. In realigning the Volkswagen brand, he has demonstrated to impressive effect the speed and rigor with which he can implement radical transformation processes. This accomplishment makes him predestined to fully implement our Strategy 2025 in the decisive years that are now to follow,” Pötsch says.

    “The Volkswagen Group is a union of strong brands with great potential. Matthias Müller has laid the groundwork for our transformation. My most important task will now be to join with our management team and our Group workforce in consistently pursuing and pushing forward our evolution into a profitable, world-leading provider of sustainable mobility. In a phase of profound upheaval in the automotive industry, it is vital for Volkswagen to pick up speed and make an unmistakable mark in e-mobility, the digitalization of the automobile and transportation as well as new mobility services,” Diess says.

    At its meeting today, the Supervisory Board also decided on two new appointments to the Group Board of Management. Dr. Oliver Blume, Chairman of the Board of Management at Porsche, will belong to the Group’s top governing body going forward.

    In addition, Gunnar Kilian, who until now has served as Secretary-General of the Volkswagen Group Works Council, has been appointed the new member of the Group Board of Management for Human Resources. He takes over the post from Dr. Karlheinz Blessing, who served in the role from the beginning of 2016. Dr. Blessing will be leaving the Board of Management by mutual agreement, but remains available to the Company in a consultative capacity for the remaining duration of his employment contract. Pötsch thanked Blessing for his service: “Dr. Blessing has been instrumental in realigning the Group during the past two years. He also contributed with great dedication to the evolution of the VW brand as part of the Volkswagen brand’s Future Pact.

    Dr. Francisco Javier Garcia Sanz, head of Procurement, leaves the Company at his own request. “During the past two decades, Dr. Garcia Sanz has built up a cutting-edge Procurement department. His leadership of the diesel task force was instrumental in overcoming the diesel crisis. As Chairman of the Supervisory Board of the SEAT brand, he also made a significant contribution to reinforcing the brand,” said Pötsch in gratitude. Ralf Brandstätter, Board of Management member responsible for Procurement for the VW brand, will take on this additional role provisionally.

    Edited by William Maley



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      Source: Volkswagen
      Press Release is on Page 2


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      View full article
    • By William Maley
      Volkswagen's electric car offensive has already started in Europe with the ID.3. The next step is taking on the U.S. with the next electric vehicle, the ID.4 introduced today.
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      For the interior, Volkswagen went minimalist. The driver faces 5.3-inch digital display and is able to change gear via a knob on the right side of bezel - similar to the BMW i3. Either a 10 or 12-inch touchscreen display handles the infotainment duties. Interior space is quite generous with 99.9 cubic feet of passenger space and 30.3 cubic feet of cargo space.
      At launch, the ID.4 will only be available with a single electric motor mounted on the rear axle providing 201 horsepower and 228 pound-feet of torque. An 82-kilowatt-hour lithium-ion battery pack provides the juice. Range is estimated at 250 miles. A dual-motor version with 302 horsepower and all-wheel drive will come out sometime next year.
      For charging, Volkswagen says that on a Level Two charger, the ID.4 takes around 7.5 hours from an empty battery. If you can find a DC fast charger, the recharge time drops significantly: Volkswagen claims that the battery can reach an 80% charge in 38 minutes.
      Pricing for the ID.4 will begin at $39,995 for the base Pro when it arrives at dealers at the end of the year. No mention on destination. But Volkswagen is planning to drop the price of the ID.4 once production begins at the Chattanooga Assembly Plant in Tennessee.
       
      Source: Volkswagen
      Press Release is on Page 2


      Volkswagen unveils the all-new 2021 ID.4 electric SUV
      Sep 23, 2020
      Reservations for the ID.4 start online today with 50-state launch in early 2021 MSRP starts at $39,995 for ID.4 Pro before potential $7,500 Federal tax credit Estimated 250 miles of range on ID.4 1st Edition Compact SUV will be available in rear-wheel drive 201-hp 82 kWh (launching first) and all-wheel-drive 302-hp 82 kWh configurations Three years of fast charging with Electrify America at no additional cost Modern design pairs with high-tech features, like DRIVE® advanced driver assistance technology and a smart infotainment system, using voice and touch Localized production in Chattanooga, starting in 2022 with anticipated MSRP around $35,000 Herndon, VA — Volkswagen of America, Inc. revealed the all-new ID.4 electric SUV today—the brand’s first long-range EV to be sold stateside. This compact SUV will offer all the best features of Volkswagen’s current lineup—hallmark driving dynamics, bold design, and advanced technology—along with long-range EV capability and three years of fast charging with Electrify America for no additional cost, to customers in the largest segment in the U.S., all with a price point aimed at the heart of the segment.
      “The ID.4 was engineered, loaded and priced to win the hearts of SUV owners who are simply ready to go electric—and fall in love with Volkswagen again,” said Scott Keogh, CEO, Volkswagen Group of America. “It drives like a GTI, it has the packaging of a Tiguan and the purpose of the Beetle. All the best things about VW in one package.”
      Powertrain & Charging
      The ID.4 electric compact SUV is based on the modular electric drive architecture (MEB). While it is the brand’s newest platform, it also represents a return to Volkswagen’s roots, with the electric motor located at the rear, just like the original Beetle.
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      At launch, the vehicle will be offered with an 82kWh (gross) battery and a rear-mounted AC permanent-magnet synchronous motor with 201 horsepower and 228 pound-feet of torque. Volkswagen estimates that the ID.4 82kWh RWD 1st Edition models will have a range of 250 miles with a full charge on the EPA cycle. A powerful, electric all-wheel-drive variant with 302 hp will follow later in 2021.
      The ID.4 also comes with three years of fast charging with Electrify America at no additional cost, helping to reduce range anxiety. The ID.4 can be charged with both alternating current (AC) and direct current (DC) fast-charging capability. The 11 kW onboard charger allows the ID.4 to charge the battery 33 miles in about one hour, and charges to full in around seven and a half hours at a home or public Level 2 charger. At a DC fast-charging station, with 125 kW charging, the ID.4 can go from five to 80 percent charged in about 38 minutes.
      Chassis
      The ID.4 is designed to be strong, yet agile. The chassis and body are made from steel. The front suspension is a strut-type with lower control arms, coil springs, telescopic dampers and anti-roll bar. In the rear, the ID.4 uses a multi-link rear axle with coil springs, telescopic dampers and an anti-roll bar. With 3.5 turns lock-to-lock and a stellar curb-to-curb turning radius of 33.5 feet, the ID.4 feels nimble, especially among other compact SUVs.
      A combination of brake types is used on ID.4. It features disc brakes on the front wheels and drum brakes on the rear—the difference being specific to electric vehicle needs. As EVs rely on regenerative braking, disc brakes on the rear can be less effective than drums after long periods of not being put to heavy use.
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      Like the platform, the design of ID.4 represents a move towards the future with a nod to the past. At the front, the Volkswagen logo is able to be positioned centrally because there is no radiator grille, as it was on the Beetle. Large LED headlights flow backwards, hinting at the aerodynamic nature of the car, while a sculpted front bumper with large intake-like scoops and honeycomb accents give the car a powerful presence. Models fitted with the Statement package add an illuminated Volkswagen logo and an illuminated light line that stretches outward from it, creating a striking light signature.
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      The ID.4 sits squarely in the middle of the compact SUV segment, size-wise. It is 4.6 inches shorter than the Volkswagen Tiguan, at 180.5 inches, with a 0.9 inch shorter wheelbase at 108.9 inches. It is 1.9 inches lower than Tiguan at 64.4 inches high for the rear-wheel drive model, and 0.5 inches wider, at 72.9 inches.
      The ID.4 will available in six exterior colors—Glacier White Metallic, Mythos Black Metallic, Moonstone Grey, Scale Silver Metallic, Blue Dusk Metallic and King’s Red Metallic. All models come with a body color roof, black roof rails, and 19-inch aluminum alloy wheels. The Statement package adds a panoramic fixed-glass roof, premium LED projector headlights with Volkswagen’s Adaptive Front-lighting System (AFS) and power-folding side mirrors with puddle lamp signature, while the Gradient package (sold on top of the Statement package) upgrades to 20-inch wheels, black roof, and silver roof rails and accents.
      Interior
      Volkswagen’s first fully-electric SUV features ample space and a modern design. Passenger volume is similar to the Tiguan despite the overall smaller footprint, with 99.9 cubic feet total. Legroom is a comfortable 41.1 inches for front passengers and 37.6 inches in the rear seat. Cargo volume is 30.3 cubic feet behind the second row, and 64.2 cubic feet with the seats folded.
      The interior of the ID.4 mirrors the futuristic look of the exterior, with functionality almost completely controlled by touch or voice control. The 5.3-inch ID.Cockpit (digital driver display) replaces the traditional instrument cluster and is operated with touch-sensitive controls on the leather-wrapped multifunction heated steering wheel. Three tiles show the most important information, with the display for battery status and range underneath. The traditional gearshift is replaced by a large rocker switch on the right of the ID.Cockpit, and a control panel to the left of the steering wheel integrates the lighting functions, including automatic headlights.
      A 10-inch Discover Pro touch infotainment display is located in the middle of the dash panel, angled slightly towards the driver. This screen can be configured to driver preference, and manages the standard navigation system, all telematics, entertainment, driver-assistance systems and vehicle settings; it is upgraded to a 12-inch Discover Pro Max infotainment display with the Statement package. Menus can be moved using gesture control, simply swiping one’s hand in front of the screen. Sliders for volume and temperature adjustment are located on the inclined surface below the display.
      “Hello ID.” natural voice control is standard in the ID.4. The car follows the instructions spoken by the driver and passengers and is capable of understanding many commands from everyday language, such as “Hello ID., I’m cold” to turn up the heat.
      The ID.4 will feature ID. Light—a light strip below the windshield to support drivers in a host of situations with intuitive lighting effects in different colors and sound prompts. For example, ID. Light signals to the driver that the vehicle’s drive system is active and that the car has been unlocked or locked. It accentuates information issued by some of the driver-assistance and navigation systems and signals, both visually and acoustically, details like charge status indicator, braking prompts and incoming phone calls.
      The steering wheel, steering column, and the housings for the display and control panels in the doors are finished in Piano Black. Seats in the ID.4 are finished in black cloth on entry models and Lunar Gray or Galaxy Black leatherette on models with the Statement package. Entry ID.4 models feature six-way adjustable seats with power recline, while the Statement package adds 12-way power seats, with massage lumbar and memory, as well as 30-color ambient lighting.
      ID.4 offers a range of comfort and convenience features found throughout the rest of the brand’s lineup. Standard features include rain-sensing wipers, auto-dimming rearview mirror, dual-zone Climatronic® climate control, and KESSY® keyless access. To manage cold temperatures, the ID.4 features a standard heated steering wheel, heated side mirrors and washer nozzles, and, on all-wheel-drive models, a heated windshield. The Statement package adds SiriusXM® satellite radio with a three-month trial, an adjustable trunk floor, and a power tailgate with Easy Open & Close.
      To complete the high-tech package, ID.4 offers standard wireless mobile charging, wireless App-Connect, and Volkswagen Car-Net® with in-car WiFi capability when you subscribe to a data plan. Car-Net Hotspot allows passengers to access the internet with up to four connected devices simultaneously, including tablets, smartphones, laptops, gaming devices, and more—all at 4G LTE-enabled speed.
      Safety & Driver Assistance Technology
      To help protect occupants, the ID.4 provides a combination of both passive and active safety systems. It features six airbags as standard—front and side airbags for front passengers, and side curtain airbags for outboard seating positions. Additionally there are a number of electronic safety systems, such as an Anti-lock Braking System (ABS) and Electronic Stability Control (ESC).
      With regards to the battery, an extruded aluminum frame protects the battery system against damage in the event of a crash, and a replaceable aluminum underbody panel protects the battery against the road. Additionally, the battery is also disabled if the vehicle is involved in a serious accident.
      With the standard IQ.DRIVE® advanced driver assistance technology, all ID.4 models include Forward Collision Warning and Autonomous Emergency Braking with Pedestrian Monitoring (Front Assist); Blind Spot Monitor (Side Assist); Rear Traffic Alert; Adaptive Cruise Control (ACC); Lane Keeping System (Lane Assist); Travel Assist; and Emergency Assist. In addition to IQ.DRIVE features, the ID.4 includes Dynamic Road Sign Display; Park Distance Control; and High Beam Control (Light Assist).
      Pricing & Sales
      Pricing for the ID.4 starts at $39,995, for the rear-wheel-drive ID.4 Pro (available in the first quarter of 2021), before a potential Federal tax credit of up to $7,500 is applied. With those credits, the entry price of ID.4 is on par with the 2021 Tiguan SEL.  For highly qualified customers through Volkswagen Credit, the monthly lease payment for a 36-month lease with 10,000 miles a year, is $379 per month with $3,579 due at signing, excluding tax, title, license, options and dealer fees.
      Starting later in 2021, the ID.4 AWD Pro ($43,695) will be available. Both Pro models carry largely the same equipment, with AWD models putting out 302 hp, and adding a heated windshield and tow hitch. These models can be additionally outfitted with two packages—Statement ($4,500), and Gradient ($1,500), which is only offered with Statement.
      The ID.4 launches with a limited-run ID.4 1st Edition (MSRP $43,995). The 1st Edition models feature the same content as the Pro model, and Statement package (minus illuminated VW logo) and Gradient package come standard. These models also include unique features including accelerator and brake pedals with “play” and “pause” logos, the steering wheel and column, radio bezel and door island finished in Electric White, 1st Edition badging, black mirror caps, and a tow hitch.
      Volkswagen plans to offer the ID.4 electric vehicle across all 50 states, and throughout its network of more than 600 dealers. A reservation platform debuts today on VW.com, allowing customers to reserve an ID.4 before it hits dealer showrooms, with a fully refundable $100 reservation fee. As vehicle production starts, reservation holders will be invited to confirm their order with an additional fully refundable $400 vehicle deposit. From placing a reservation, to production and through delivery, the customer can see where they stand and when they can expect their ID. 4 to arrive at their preferred local VW dealer in a simple, transparent process. At that time, the customer can transact with their dealer and complete their purchase.
    • By William Maley
      The COVID-19 pandemic has possibly caused another auto show to rethink their plans. According to Automotive News, organizers of the show are planning to delay the show from November to next May. Three sources tell the outlet the new dates are May 21st to 31st. Two of sources go on to say that an announcement could come this week.
      Automotive News tried to get comment from Terri Toennies, president of the show, but did not reply.
      By possibly moving the LA Auto Show to May, automakers and organizers of the New York and Detroit shows find themselves in a difficult spot. The LA show sandwiches between New York (April) and the revised Detroit show (June), which may cause automakers to make difficult decisions as to which shows get the most significant unveilings or whether to attend at all.
      Auto shows in general have been struggling before the onset of the pandemic. With automakers deciding to hold their own events to have more time in the spotlight and save cash, the spectacle of the show has gone down.
      We'll keep you posted.
      Source: Automotive News (Subscription Required)

      View full article
    • By William Maley
      The COVID-19 pandemic has possibly caused another auto show to rethink their plans. According to Automotive News, organizers of the show are planning to delay the show from November to next May. Three sources tell the outlet the new dates are May 21st to 31st. Two of sources go on to say that an announcement could come this week.
      Automotive News tried to get comment from Terri Toennies, president of the show, but did not reply.
      By possibly moving the LA Auto Show to May, automakers and organizers of the New York and Detroit shows find themselves in a difficult spot. The LA show sandwiches between New York (April) and the revised Detroit show (June), which may cause automakers to make difficult decisions as to which shows get the most significant unveilings or whether to attend at all.
      Auto shows in general have been struggling before the onset of the pandemic. With automakers deciding to hold their own events to have more time in the spotlight and save cash, the spectacle of the show has gone down.
      We'll keep you posted.
      Source: Automotive News (Subscription Required)
    • By William Maley
      Jim Hackett's tenure as Ford CEO will be coming to a close on October 1st as he will retire from the position. His replacement is Jim Farley, currently Ford's Chief Operating Officer, a role he took on at the beginning of this year. In a press release, Ford said the two will be working together over the next two months on the transition. Hackett will stay on as "special advisor" for some time after.
      “I am very grateful to Jim Hackett for all he has done to modernize Ford and prepare us to compete and win in the future. Our new product vision – led by the Mustang Mach-E, new F-150 and Bronco family – is taking shape. We now have compelling plans for electric and autonomous vehicles, as well as full vehicle connectivity. And we are becoming much more nimble, which was apparent when we quickly mobilized to make life-saving equipment at the outset of the pandemic,” said Ford executive chairman, Bill Ford.
      Hackett became Ford's CEO in 2017 after the ousting of then CEO Mark Fields. His short tenure brought forth some major and controversial decisions such as Ford killing off most of their passenger car nameplates to focus on trucks and utility vehicles; spending $11 billion in electric vehicles by 2022, and the introductions of the Mach-E, 2021 F-150, and Bronco. He has also dealt with a lot frustration from various groups as The Detroit News outlines,
      Hackett admitted that his tenure did cause a fair amount of friction, but said his efforts are starting to show.
      "I aimed for moving ahead versus just moving fast. Could we aim for a longer-arc kind of reward. In this case, for the three years it takes to get products to market, you're starting to see the fruits of our labor."
      Farley, who has been with Ford since 2007, knows he has a tough road ahead. Aside from realizing the various paths laid out by Hackett, he also has to deal with the issues of the COVID-19 pandemic and hopefully launch two of Ford's key product without any issues.
      Source: Ford
      Press Release is on Page 2


      FORD ANNOUNCES JIM HACKETT TO RETIRE AS PRESIDENT AND CEO; JIM FARLEY TO SUCCEED HACKETT AS COMPANY CONTINUES TRANSFORMATION
      Jim Hackett, who has led Ford Motor Company’s transformation since 2017 as president and CEO, has elected to retire from the company Jim Farley, currently chief operating officer, becomes president and CEO of Ford effective Oct. 1. He was also elected to the Ford board of directors. He will work closely with Jim Hackett on the transition over the next two months Seamless CEO transition underscores strength of Ford’s leadership team, succession planning, and company progress over the past three years, Executive Chairman Bill Ford says DEARBORN, Mich., Aug. 4, 2020 – Ford Motor Company today announced that Jim Hackett, who has led the company’s transformation since 2017, plans to retire from the company. Jim Farley has been named the company’s new president and CEO and will join the board of directors, effective Oct. 1.
      Hackett, 65, and Farley, 58, will work together on a smooth leadership transition over the next two months.
      Under Hackett, Ford moved aggressively into the new era of smart vehicles and drove a deeper focus on customers’ wants and needs. At the same time, Ford improved the fitness of the base business – restructuring operations, invigorating the product portfolio and reducing bureaucracy.
      “I am very grateful to Jim Hackett for all he has done to modernize Ford and prepare us to compete and win in the future,” said Bill Ford, Ford’s executive chairman. “Our new product vision – led by the Mustang Mach-E, new F-150 and Bronco family – is taking shape. We now have compelling plans for electric and autonomous vehicles, as well as full vehicle connectivity. And we are becoming much more nimble, which was apparent when we quickly mobilized to make life-saving equipment at the outset of the pandemic.”
      Farley, an automotive leader with deep global experience and a successful track record, collaborated with Hackett over the past three years to develop and execute Ford’s Creating Tomorrow Together plan to transform Ford into a higher-growth, higher-margin business.
      “Jim Farley matches an innate feel for cars and customers with great instincts for the future and the new technologies that are changing our industry,” Bill Ford said. “Jim’s passion for great vehicles and his intense drive for results are well known, and I have also seen him develop into a transformational leader with the determination and foresight to help Ford thrive into the future.”
      Farley joined Ford in 2007 as global head of Marketing and Sales and went on to lead Lincoln, Ford South America, Ford of Europe and all Ford global markets in successive roles. In April 2019, Farley was chosen to lead Ford’s New Businesses, Technology & Strategy team, helping the company determine how to capitalize on powerful forces reshaping the industry – such as software platforms, connectivity, AI, automation and new forms of propulsion. He was named chief operating officer in February of this year.
      Hackett, who will continue as a special advisor to Ford through March of 2021, said the time is right to pass the mantle of leadership to Jim Farley.
      “My goal when I took on the CEO role was to prepare Ford to win in the future,” Hackett said. “The hardest thing for a proud, long-lived company to do is change to meet the challenges of the world it’s entering rather than the world it has known. I’m very proud of how far we have come in creating a modern Ford and I am very optimistic about the future.
      “I have worked side-by-side with Jim Farley for the past three years and have the greatest confidence in him as a person and a leader,” Hackett said. “He has been instrumental in crafting our new product portfolio and redesigning our businesses around the world. He is also a change agent with a deep understanding of how to lead Ford in this new era defined by smart vehicles in a smart world.”
      Said Farley: “I love Ford and I am honored by the opportunity to serve and create value for Ford’s employees, customers, dealers, communities and all of our stakeholders. Jim Hackett has laid the foundation for a really vibrant future and we have made tremendous progress in the past three years. I am so excited to work together with the whole Ford team to realize the full potential of this great company in a new era.”

      View full article
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