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Ford names Amazon and Snap veteran Tim Stone as new CFO, continuing the company’s push closer to Silicon Valley
Tim Stone's hiring continues CEO Jim Hackett's drive to push Ford closer to Silicon Valley. Stone had worked at Amazon and Snap.
Ford CEO Jim Hackett's salary rose by over a million dollars last year despite the automaker's poor results and job cuts in Europe.
The tires can handle nail-and-screw-type punctures by using an embedded rubber compound to patch holes on the fly.
Entire brands such as Hummer, Oldsmobile, Pontiac, Saab, and Plymouth have disappeared.
Consumer Reports has announced the best cars of 2019. Toyota and Subaru dominate the list, while Audi, BMW, Ford, and Hyundai all make appearances.
US demand for new cars is falling, according to HSBC, and Honda, Nissan, Ford, and General Motors have announced thousands of job cuts in Europe.
The auto and and tech industries are getting serious about electric pickup trucks. Last week, Amazon led an investment of $700 million in Rivian.
The Detroit Free Press reported that Bob Shanks could retire after four decades. Ford said that it's simply reviewing a succession plan for its CFO.
Lexus was named the most reliable brand, followed by Porsche and Toyota, while the Porsche 911 was named the most reliable vehicle.
Ford will invest $1 billion and hire 500 new employees at its stamping and assembly plants in Chicago, the automaker said on Thursday.