The Global Chip Shortage: Worst-Hit Industries
Chip suppliers, which trimmed down chip production for autos and in turn stepped up supplies to consumer electronics, are now pressured from all quarters.
Ford Targets White-Collar Job Cuts in U.S.
The automaker is aiming to trim at least 1,400 positions through voluntary buyouts as it continues to shift to electric and autonomous vehicles.
Ford Expects Loss But Says Cash Position Strong
“We believe we have sufficient cash today to get us through at least the end of the third quarter" despite the coronavirus shutdown.
Moody’s Downgrades Ford Deeper Into Junk
The rating agency says the threat of "a severe and prolonged decline" in auto markets due the coronavirus adds to the pressures on the company.
Ford Touts ‘Strategic Progress’ But Stock Falls 9%
Investors eager to see returns from Ford's $11 billion global restructuring plan were disappointed by its Q4 and full-year results.
Ford Names Ex-Amazon Exec Tim Stone as CFO
The appointment of Stone to replace Bob Shanks "demonstrates Ford’s continuing transformation to a new age auto company."
Ford Profit Hit by Losses in Overseas Markets
“It was not a year we were happy with and the fourth quarter continued that theme," CFO Bob Shanks said.
Ford, Walmart Unveil AV Grocery Delivery Project
The collaboration could boost Ford's efforts to develop commercial uses for self-driving technology.
Ford Forms New Unit to Lead Drive Into AVs
“Now is the right time to consolidate our autonomous driving platform into one team to best position the business for the opportunities ahead."
Using cost discipline, astute capital investments, and operational know-how, these 20 CFOs aim to guide their companies to a growth-filled future.
Ford to Cut 1,400 Jobs in Profitability Push
The automaker has been "under pressure to get specific about cost cuts” amid investor concern over its stock price.