Mark Fields

6 Stories

Scaramucci Has a New, Unwanted Title

The 'Mooch' tops list of least powerful people in the world

(Newser) - Power: One day you have it, the next you don't. No one likely knows that better than the world's 50 "least powerful" people, described by 24/7 Wall St. as "well-known individuals around the world who have recently experienced a precipitous loss in stature." The top... More »

Ford's New CEO: Guy Who Helped Turn Around Michigan Football

Mark Fields is out, Jim Hackett is in

(Newser) - Mark Fields' tenure as Ford Motor CEO is coming to an end after just three years, during which the company's shares plunged 40%. The New York Times details various bumps in his road: recent safety recalls, the discarded plan to build a $1.6 billion plant in Mexico, Q1... More »

Ford Mexico Plant Cancellation Not Quite What It Seems

Small-car production is still heading south

(Newser) - Ford may have found a successful strategy for dealing with Donald Trump: letting him take credit for stuff it was going to do anyway. The company's announcement Tuesday that it's canceling a $1.6 billion plant in Mexico was seen as a big victory for the president-elect, but... More »

Ford Is Moving All Small-Car Production Out of the US

Trump slams Mexico move

(Newser) - Ford Motor Co. says it's moving all of its US small-car production to Mexico. Ford CEO Mark Fields confirmed the long-expected move Wednesday during an event for investors and Wall Street analysts, the AP reports. Ford already makes its Fiesta subcompact in Mexico, but its Focus and C-MAX small... More »

CEO Credited With Saving Ford Retiring

Alan Mulally will be replaced by Mark Fields

(Newser) - Ford CEO Alan Mulally will retire July 1 and be replaced by Chief Operating Officer Mark Fields, the company announced in a news release this morning. The 68-year-old Mulally is credited with saving Ford from financial ruin after being hired away from Boeing in 2006. Fields, who has been running... More »

Car Makers Prepare for a Crash

Big Three see sales slump ahead

(Newser) - The slumping US  economy is casting shadows over the New York Auto Show, as industry forecasters this week cut their projections for sales of new cars and light trucks in 2008 to less than 15 million, the lowest level in 14 years. Chrysler, GM, and Ford, who had been projecting... More »

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