May 22, 2017

Ford to replace chief executive Mark Fields, reports say

Ford chief executive Mark Fields is to leave the car giant in a major reshuffle at the top, reports say. The change, reported by Forbes and the New York Times, come as Ford faces weak sales and declining profits. He will reportedly be replaced by James Hackett of Ford's Smart Mobility unit. In recent years, Ford has invested heavily in self-driving cars and ride-sharing services. Ford employed more than 200,000 people globally at the end of 2016, including about 101,000 in North America and 23,000 in Asia.

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