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.
Alta Mesa Resources Files Chapter 11 Bankruptcy
The shale oil startup cited "a historically challenging commodity price environment and a capital market that is highly constrained for energy companies."
Ford Cuts 7,000 White Collar Workers to Save $600 Million
The automaker is laying off about 10% of its global salaried workforce as part of its restructuring effort.
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 Europe to Cut Thousands of Jobs in Turnaround Drive
The automaker’s global cost-cutting effort starts with eliminating thousands of jobs, discontinuing slow-selling models, and combining headquarters.