26 Burst results for "Jim Hackett"

Ford's Jim Hackett is out as CEO, to be succeeded by Jim Farley as restructuring plan fails to reignite stock

NPR News Now

00:41 sec | 1 year ago

Ford's Jim Hackett is out as CEO, to be succeeded by Jim Farley as restructuring plan fails to reignite stock

"Hackett. Will retire on October first after leaving Ford. Motor Company for Three Years Currency Oh Jim. Farley. Will take over in the middle of global restructuring effort. He'll also inherited a company that has so far failed to meaningfully boost its stock price which has remained below competitors. For years. Farley says for its competitors are no longer traditional pierce like General Motors they're often newcomers to the automotive. Renew. Our competition today dams on. By do have flow apple for Yoda and others. well-financed. Company fairly will also face the challenge of reviving sales in China the world's largest car

Farley Motor Company Three Years Currency Ford General Motors Apple China Hackett.
"jim hackett" Discussed on WJR 760

WJR 760

03:21 min | 1 year ago

"jim hackett" Discussed on WJR 760

"Primary Voting day is underway. Masts will not be required when you head to the polls, but you are encouraged to wear a mask Governor Wittmer telling Paul W. Smith there some constitutional reasons. To making the max masts optional at the pole. Precisely. We strongly strongly encouraged people to mask up to use hand sanitizer to make sure that they stand six feet apart from one another when they are in line vote if there's a line There are several important contests in today's primaries, Four Republicans are buying for the chance to face off against incumbent Congressman Elissa Slotkin in the eighth Congressional district. There are six Republicans hoping for the chance to face Democrat incumbent Congresswoman Haley Stevens in the 11th Congressional District. Brenda Jones hopes to unseat Congresswoman receded Toe leavin the 13th district Both are Democrats there. Michigan reporting six new Corona virus death and 600 for new cases. Health officials closely monitoring a spike in Corona virus cases in parts of Oakland County. A growing number of cases Khun be traced to graduation and prom parties. There have been 50 new cases in South Lyon and in Lyon Township. There are 16 cases. Ford Motor Company's CEO Jim Hackett, stepping down retiring after three years at the helm of the automaker, 58 year old Jim Farley has been tapped to take over the reins in a news release. It says that 65 year old Hackett, who went on Who went to Fort after retiring as the CEO of Steel case in Grand Rapids, elected to retire from the company, Farley will take over October 1st as the pandemic restrictions. These more people are on the road. You've probably noticed that Michigan State police Lieutenant Mike Shaw says they are still finding the people are not pulling back on their speed. Even though there are so many more cars on the road. I think now as traffic is kind of pushed into their people say they don't realize how fast they were going, or there wasn't so much truck got here before, you know, Then you get the same excuses that we got. You know, years and years ago, the restroom over you know I'm late for work, or I didn't cram properly. Officials are warning residents of several states to take a look at the source of onions they may have in their pantry. Hundreds of salmonella cases have been reported amid an outbreak linked to a California based facility. The CDC last week issued a food safety alert for a red, yellow, white and sweet yellow onions produced by Thompson International of California linked to the outbreak, which is second more than 400 people in dozens of states. They were shipped May 1st and sold under a variety of brand names. Experts recommend people I'll throw away onions if they have any doubts about whether they're safe. Federal, state and local health and food officials continue to investigate. I'm Scott Carr. On Wall Street. This hour, the Dow is up 103 the NASDAQ slipping down into negative territory. The NASDAQ is off seven points for W. J. R News. I'm Marie Osborne will have more with Chris Run Wick in two minutes. The Construction Association of Michigan Cam has been helping commercial and industrial contractors and suppliers grow since 18 85. They provide contractors leadership through aggressive lobbying.

Michigan Jim Hackett Jim Farley Ford Motor Company Congressman Elissa Slotkin Governor Wittmer Congressional district Brenda Jones South Lyon Construction Association of Mi Marie Osborne Haley Stevens Oakland County Lyon Township Paul W. Smith Khun salmonella Chris Run Wick CEO of Steel
Ford Names Jim Farley New CEO, Succeeding Jim Hackett

Frank Beckmann

00:23 sec | 1 year ago

Ford Names Jim Farley New CEO, Succeeding Jim Hackett

"Ford Motor Company CEO Jim Hackett stepping down retiring after three years at the helm of the automaker. The 58 year old Jim Farley has been tapped to take over the reins, a news release says. The 65 year old Hackett, who went to Ford after retiring as the CEO of steel case in Grand Rapids, elected to retire from the company Farley will take over October 1st.

Jim Hackett Jim Farley CEO Ford Grand Rapids
"jim hackett" Discussed on WJR 760

WJR 760

06:35 min | 1 year ago

"jim hackett" Discussed on WJR 760

"You know, we had Jim Hackett, CEO of Ford Motor Company, of course, on the show, most recently with a big smile on his face, And you know why the course the traditional vehicles. Aren't going away really? Anytime soon. But, boy Oh, boy in this one space of which you are very active in this space of of the special vehicles and a very special one. The reason Jim Hackett has a big smile on his face is the way people have embraced the Bronco. Ford made a big splash with the Bronco line up, and as I say, you're very active in that space with Jeep and now Bronco and That's a good place for Dana to be. Well, it sure is. Paul W. And I think the market data really helps tell the story here. The demand for SUVs has grown dramatically over the last five years. And in 2019 SUV sales representative nearly half over 47% of all U. S sales, and so This is really an important segment. It's a really sweet spot for Dana like you said, And the interest in this growing segment has driven the introduction and update of exciting vehicle models, including the Bronco, which 14 did a great job launching. We're honored to have been selected by four to supply axle, then prop chefs for this family of vehicles. But we've also had the great opportunity to be on some other excellent new vehicles, including the Gladiator, the Land Rover defender. As well as some exotic and sports car vehicles like the Ferrari Street, Dolly and the Chevy Corvette, in fact, were recently named a GM supplier of the year for our drive line. And thermal management products, which we provide to a number of GM vehicles but very, very excited about what's going on in this segment and happy for the Bronco team afford for sure, we'll sure because Let's face it. Dane is a part of Bronco history, and the DNA is staying to supply the axles to the original Bronco in 1966. That's right. We've we've been around with Ford on the Bronco for a very, very long time. It's a It's a really terrific vehicle, a lot of loyal enthusiasts and we're pleased to be providing our most up to date technologies for the new Bronco, which we feel will be quite successful. And in addition of Bronco, we've got a long and storied history on some other iconic vehicles in the space. Including the Wrangler, which are history with that vehicle goes all the way back to its origin and World War two. So we see this space as expanding and growing. With lots of room for really iconic vehicles in that space, So it's very exciting time. Well, good for you. Course he elephant in the room. We've referred to our refer to it again, we way would have been having This discussion, Bob pile with this president of Light vehicle drive systems for Dana incorporated their world headquarters in Mommy, Ohio. We would have been having this conversation face to say face to face, but with With covert 19 of obviously we all have to kind of spin around and do what we need to do a pivot. I guess there's a better way of putting it and I'm sure Dana has been pivoting and managing through these changes as well. Or short, Paul W. I'm really proud of the way our team has responded to the situation like a number of the PM's that we've already seen. We saw immediate interest. From our engineers in using our facilities to create face shields are our three d printers designing intubation boxes for donations to local hospitals. And when we did some of these designs, we've made the designs open source and available on our website for others to produce a swell and one interesting product. It came out of this was from our team in Italy, who produced the solution to convert CPAP machines. Into many ventilators that came in handy as well, so really excited about the way we've been able to respond, and now that our facilities are coming back and responding to increase customer demand. People we see is the automotive industry's frontline workers are workers in our facilities have been super diligent about the safety protocols we've put in place like wearing masks or face shields. Creating space for social distancing doing temperature checks upon entry. All of those kind of things to help keep the business moving, and we're grateful to have such an outstanding group of people working at Dana, and they truly embody our motto. People finding a better way, so we really couldn't be more proud of those folks, and we're very excited to be getting back to work. Well, I tell you on a personal note when I heard that story about CPAFFC. I've been using a CPAP for years in proudly so because it changes your life. But when I heard that the guy's a Dana the men and women of Dana had found a way to To take that C pap and turn it into a many ventilator. I was very proud of what you did having that little personal experience of having a CPAP to understand. Just how vital that equipment is for people on a daily basis, but then to see that it was called into action if need be through a covert 19 and Dana had a hand in it. That's just great. Along with Those face shields and the intubation boxes. And and you even helped with the purchasing teams of securing all the personal protective equipment, the gloves, the gowns and all of that for hospitals. You're right. And I'm glad you mentioned it, Bob. So many Of the folks in the automotive industry pivoted brilliantly and quickly and often times before anybody even asked him to try to help and that really sums up. Maybe one of the reasons why we love the automotive industry so much because we see how vitally important it is in so many different ways in our world, and Dana is certainly a big part of that. Well, thanks, Paul W It is great to see such good feelings and such creativity coming from a crisis, and we're certainly pleased to be part of it and proud of all of our other colleagues. In the auto industry at our contributions that we've all been ableto make during these challenging times. Like the bride of Systems Commercial vehicle drive in motion systems off highway driving motion.

Dana Ford Motor Company Jim Hackett Paul W. Bob pile Paul W Land Rover GM CEO sales representative Dane Corvette Italy Systems Commercial U. S Ohio
"jim hackett" Discussed on Newsradio 700 WLW

Newsradio 700 WLW

03:01 min | 1 year ago

"jim hackett" Discussed on Newsradio 700 WLW

"Join support or supply law enforcement with good intentions, these racist policing practices that plague our society, our historic and systemic, so that's why they went forward to stop. So in light of corporate America's virtue, signaling and you know, one point, I think is $1.8 billion of financial support. Now for black lives matter. You would think that Ford Motor Company They'd play it safe, at least safe. You know what these people think? They play it safe and cave into the mob just like everyone else in corporate America. But let me tell you something. No. For once, For once, they didn't cave into the mob. And in response to this petition, Ford CEO and he is my hero of the week, A guy named Jim Hackett, He told the employees in the letter in the letter. Pretty much said Go. You know what up a rope, But he said it in a nice way. He told employees a letter that he doesn't think it's controversial that the Ford police interceptor helps police officers do their job. It's not controversial. It's a fact. Anyway, he wrapped his letter up by thanking employees for speaking up. But by saying that Ford won't change course. Quote. I do appreciate people speaking their mind to me on this issue it help me generate this note to explain why we are continue our commitment to police forces all over the world and are trusted products. Close quote. Thank you, Mr Hackett. Finally, someone in corporate America tells black lives matter. Step in It's a nice change from all like I said, the virtue, signaling and all the other ma'am be pamby statements from just about everyone else in corporate America. So If you're thinking about buying a car gives some good thought to Ford Number one. They're good products number two. We have to support the CEOs that stand up to black lives matter in the mob. Anyway, That was the week that was in the war on cops will see what happens next week. There's always that's what I think. I want to know what you think. 7491 7800 The Big one my gallon Saturday midday. WeII. We love to have a bit of fun. But we don't neglect the big still count on us for laughs and a little learning. We want to keep you informed and entertain my teddy and rocky Monday afternoon three on 700 wlw Your local one. Our heating and air conditioning team is open and ready.

Jim Hackett Ford Motor Company America CEO
"jim hackett" Discussed on WJR 760

WJR 760

02:49 min | 1 year ago

"jim hackett" Discussed on WJR 760

"Dot com once again here's Paul again we thank sandy peers irritates the whole Huntington bank family have been real stand up of people whenever there's a problem Hey even when there's not a problem but whenever there's a problem in Michigan and we we really appreciate their support as we continue to virtually tour of the great state of Michigan with our seventeenth annual Paul W. Smith sure Michigan virtual tour and we we appreciate you very much our listeners and we appreciate very much our sponsors like like cruise ships sheplers Mackinac Island ferry we're supposed to be up there within a few days of right now to be to be inaugurating christening one of their newest boats they're fairies they build another one in Michigan that will come soon enough and then of course the colorful all round good guy in Marty Hornacek at Northwoods wholesale outlet in pink conning disagree it's a pleasure to stop by there and that they have everything they have things that haven't even been invented yet and they're on sale that's how good they are all right meanwhile by the way the president was here he wore a mask briefly that has been confirmed directly to me from Mister Jim Hackett the fine CEO of Ford a very was with bill Ford Jim Hackett and all the other four people without a mask looking very much like the vice president at the Mayo Clinic without a mask the president did put on a mask and had it on for a moment but is he probably said away from the media because he didn't want to give them the pleasure of seeing it meanwhile we are open Michigan and no one doing a better job than our own Dana Clark the finding restaurants with Kerry wood and later we'll be talking about movies to watch at home and with the family I always recommend saving private Ryan especially going into Memorial Day Dana yes that is a great movie and now we thank our vets of course for their service so we are open is kicking off the grilling season today of course it's Memorial Day and we are expecting people to be grilling all this weekend so I just pulled up a few restaurants that are you know famous for their barbecue like famous Dave's and they have a a location I know nobody they probably have several locations throughout the metro area and they are serving their famous fees the all American barbecue feast itself full slab of St Louis style spare ribs a roasted chicken Texas beef brisket some creamy coleslaw got have the Cole slaw especially with the barbecue and the beans that have.

Dana Clark St Louis Mackinac Island Paul W. Smith Huntington Dave Ryan Kerry wood Michigan Mayo Clinic vice president bill Ford Jim Hackett Ford CEO Mister Jim Hackett Marty Hornacek
"jim hackett" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

10:45 min | 1 year ago

"jim hackett" Discussed on WNYC 93.9 FM

"Back right away to ramp up production Ford closed all production facilities last week to keep workers at home during the corona virus outbreak earlier today I spoke to Ford CEO Jim Hackett I started by asking him how long it would take to retool those factories to produce medical supplies well it's important in this news to make it really clear how we're attacking this problem which helps answer the question how long the scale of ventilators to the kind of volume that the world needs we have to subdivide the problem make a supply chain for so G. E. N. four to working and consulting with each other sharing resources and this problem will get even subdivided further to other suppliers so the it's my instincts today listening to all the reports from our teams that by mid may we should start being halfway up the curve of scaling this by June you'd be put producing at a rate that would be able to make nine hundred thousand a year wow right that's working with your partners to reconfigure the supply chains reimagine them you say subdividing the different tasks for each each each entity that's right there's not a line of ventilator building in the world that can handle this demands we have to come at the problem differently let me ask you how many people do you think you will end up bringing back to work in order to provide all these men leaders because I know that you shut down production facilities earlier this month yeah just to give you again the sense of the scale here is Ford employees over for you know fifty thousand workers in factories in America today but to produce a line like this you know we're we're getting started with two hundred and eight people in one location you know three hundred and then the other night if we have what it can scale quite quickly but if you had more than two thousand people in the supply chain working of building this I would be surprised if it probably won't get much bigger than that okay builders and how involved was the federal government in creating this partnership that that you all announced today for three M. and G. E. health well I never got a call to started but I was talking to Larry Kudlow and the White House in saying Hey we have a history of Ford the arsenal of democracy is a famous story where it will run we build a bomber every sixty three minutes that we want to help and he said go for it and the department of defense has been involved so there's been total support from the government go for it Ford come back to us tell us what you need and so we've we've got a really open line of communication with them and this is something I prefer frankly which is let the entrepreneur in the innovation team work the government help us get through any kind of friction as we get these things built they're going to help us distribute them because they FEMA has an extensive network to get things to people quickly so it's hand in glove kind of working together I want to talk about this how to work with the federal government because there has been a lot of talk about the defense production act this would mobilize the private sector to provide the federal government with needed supplies during times of crisis what guidance how have you gone in general from the federal government this week on whether they will end up using the defense production act we I haven't been involved in the policy discussions of the of the application of that because I think it's my observation watching the president also in press conferences saying that he's got a business instinct where he thinks leading turning business loose to let them work through the system the way they know how to compete you get a better output versus kind of nationalizing production and you agree with that you agree that it should be on companies to step up first and if they eventually need help with from the federal government they can ask for it but in the beginning companies should act on their own initiative is that we are more than more than believe that I think it's it's by far proven that it's the best way and listen this is the state of America every time the country's ever have a challenge like this businesses came together and responded in amazing ways it's actually the most responsive fastest way to get something to happen I want to talk about the new year remaining plants will be shut down until the end of the month that was announced just a week ago about a few days ago are you considering extending that time period because the end of March is just a week from today that's a really fair question and we always said in in joint discussions with Rory gamble of the U. A. W. that our first obligation is to make everyone safe and that by you know sheltering in place and social distancing flatten the curve and we can get back to work is we look at the growth of the curve right now I think it's probably going to be premature but not by ten weeks or something that would be really damaging to the economy we're talking about you know maybe twice the time longer so we may be looking at four weeks from now got it I'm gonna switch gears a little bit and talk about the economy we're already experiencing major job loss across the country and there are a lot of economists who say that we could very well be headed for a recession how prepared is Ford to weather a recession at this point well you we've been tutors based on you know experience before and then personally I ran a company called steel case through the last great recession so anyone who's been in business for the last twenty years noon to get your balance sheet ready for unexpected event management is what we call it so Ford did not take any bail out money in oh six oh eight and in in in the company came roaring back in this case we kept the balance sheet stocked with more cash than we probably needed and in fact last week we took the extraordinary action of pulling down the line of credit a fifteen billion so we have we're sitting on about thirty seven billion in cash this is more than enough this would be much more than we need and then the last great recession but we modeled what we would need if there was no sales you know how worried are you about a major drop in demand for new cars is that a real concern here's my optimism if we can find ourselves to be really disciplined about the shelter in place we can come out of the economic effects in mid may and the country can be turned back on rare really rapidly we're we're certainly in financial shape to keep things going we are going to get rid of workers were trying to really take care of them during this period so that when this is over we just turn the thing back on Jim Hackett is the CEO of Ford motor company thank you very much for joining us today thank you the corona virus pandemic has hospitals and doctors scrambling to find enough medical supplies like masks and hospital gowns some states are ordering a stop to non essential medical procedures to help preserve those supplies but what are non essential procedures there's a debate now over whether abortion should fall into that category NPR national correspondent cinema cameras following this and joins us now hi Sir how ARE abortion has always been a politically charged issue in normal times how is this corona virus pandemic amplifying the debate some anti abortion rights advocates activists are calling for abortion to be considered an elective procedure and to be banned by states during this outbreak in an effort to conserve medical supplies in a letter today to the federal department of health and Human Services a few dozen anti abortion rights groups including Susan B. Anthony list family Research Council and the southern Baptist ethics and religious liberty commission among others are asking HHS secretary Alex azar to urge abortion providers to quote cease operations during the corona virus outbreak I spoke to Mallory Quigley whose with one of those groups the Susan B. Anthony list abortion is never it's never necessary you know there are other alternatives and we want to see a state health officials and governments be promoting alternatives during this time and quickly argues that one women who would be required to continue pregnancies rather than having an abortion would likely give birth in several months fleet freeing up supplies right now so that letter went to federal officials what's happening at the state level more than a dozen states have ordered elective procedures to be stopped for now and this is true in both states that are led by Republicans and Democrats some have not clarified how or if that applies to abortion others like New Jersey and Massachusetts have explicitly said this does not apply to abortion and then Republican officials in at least two states so far Ohio and Texas have ordered abortion providers to stop performing the procedure during the pandemic and so water abortion providers in those states doing well in Ohio Planned Parenthood officials are essentially saying they disagree with the state Attorney General interpretation of their governor Mike DeWine's order to stop elective procedures they say abortion is an essential health service they believe continuing to perform the procedure does comply with that order but they're scaling back other services as they can in Texas Planned Parenthood says they're reviewing an order from governor Greg Abbott and also making an effort to conserve supplies there any queues abortion rights opponents of politicizing this pandemic here's Jacqueline errors with Planned Parenthood federation of America abortion is an essential time sensitive medical procedure and we know that medical experts have made this clear and we should not be delaying or creating additional barriers for people to get access to the healthcare that they need including abortion act that and that's in line with what some major medical groups like the American college of obstetricians and gynecologists are saying that abortions essential and time sensitive so far we're not hearing of any legal action but we will be watching this as this continues NPR national correspondent Sarah McCammon thank you very much thank you.

Ford CEO Jim Hackett
"jim hackett" Discussed on WJR 760

WJR 760

07:01 min | 1 year ago

"jim hackett" Discussed on WJR 760

"Company cam we're going to be speaking in minutes with Jim Hackett Ford Motor Company CEO he has lots to bring it here said not not the greatest of news with the CDC says some people been asking how long is a corona virus last on services CDC says corona virus survived in princess cruise ship cabins for up to seventeen days after passengers left that's not the best of news let's turn to some very good news as Ford Motor Company is working with three M. G. the U. A. W. to help the medical community Jim Hackett Ford Motor Company CEO how may not surprised that the the company that really was at the spear tip of the arsenal of democracy creating one warplane an hour could sit on the sidelines without doing something big and you're doing something big Jim good morning good morning Paul W. thank you for that and yeah you know it is true right it's in the DNA of the blue oval to step up in fact you know there was a a polio outbreak before that World War two thing in the company made iron lungs it's actually been in the ventilator business waited long ago when premature babies were were in need of that so I'm excited to tell you that I've had such an outpouring of interest and support from all over the world from our employees and then partners like three M. and G. and McLaren over in in Britain there's really two efforts going on right now on the ventilator front here in the United States with G. medical they found a design that they actually had used an abandoned as it got more bells and whistles so we can we can actually go back and make this one faster so they're talking about scaling something up really big and we will help them from a supply chain and and coordination standpoint and then just to help the audience understand on the vent on the even side for the health care workers so they have these mass you know there's cloth masks which lots of people can make those quickly in fact people to make those in our home there's more of a structured material it has you know low respirator on me and it helps clarify that's harder to make in three M. as is working with Ford on ways to scale it up in fact we're trying to three D. print those to see if we can actually print them by machines faster and in the third level is it is a really interesting product it's it's a positive air pressure mask is kind of like a welder's mask that you pull over your face and seal and the reason is called me they found out that this virus enters the eyes it goes through the ice to the Jonas membrane in the eyes and so we need for health care workers a way to move the air around their face that one that last product is something that requires little fans in little kind of carburetors in Boca those words mean like in our business so we're able to draw on some of our capability to help pull that together to really astonishing and good work for you and that it gets confusing for the average person respirators ventilators at the end too yeah I know they call the face masks respirators may should maybe just calling face masks but anyway what I I know that there's more special because of what you just explained but the the ventilators who would've ever guessed it would take longer to build apparently a much more complicated machine then an airplane because I'm not wearing anybody say they can do a ventilator one an hour but they did enough fines yeah I know it's a it's an interesting question right in the in in part of it is you know we've never had this kind of demand for the products of the the the systems behind it haven't been scaled up but that's quickly changing over in Britain for example I just want to review last night where the prime minister Boris Johnson has commissioned a group of companies were one of them and they subdivide all the parts that go into the ventilator they assign one to Paul W. one Jim Hackett one damn you know and in the end there are brought together in coordinated for assembly so this is the way we're going to scale up production it sounds much like an assembly line you know the way assembly lines work which is where we have a lot of expertise right absolutely we do and we will continue to any ideas now that the the schools are closed an additional week or two instead of opening on the sixth of April it's more like the eighteen their fourteenth of April any word on when your plants get back to actually building cars well I'm so glad you bring that up because you know I I don't think of those folks is factory workers lose our warriors man they you know these are people that we say are placed dependent workers you can't you can't have a factory if you don't have people in them so the U. A. W. as being extraordinarily support of innovative Rory gamble is you know it had no sleep either so you know he's been working with him on behalf of his membership to make sure they're safe coordinating with us and this is so flawless the way everybody's working together and here's the here's the idea can we at the right time start to turn back on slowly because these plants don't just go on and off like a light switch you've got to bring in groups of people to get certain functions started before others and so on so forth and so that's the coordination is once we've all decided that there's a go date I'd like to have that target before we have to tell everybody come back to work then we can gear up accordingly and and so it's you know I do not think we're going to be back to work in in the next week or so I mean I think it's going to take a little longer than that and Paul W. here's a thing you know you really find out about people in crisis I just mention how Rory gambles really stepped up you know people like bill Ford who you know have been here before and and just amaze me and then you know and then I learned about all the kinds of people who are neighbors and helping each other you know and so when you get into a factory that's what it feels like is there were more worried about each other and and so the community afford is just higher than ever right now to try and get this turned back on and if in the key and this is the message I want to sandwiches we're trying to keep everybody employed we don't want it we don't want to do anything that's about sending people off their jobs are out of the company because you couldn't we we don't want to do that our mission with the people I just mentioned to you is to make sure everyone's getting a paycheck and we get on the other side.

CEO CDC Jim Hackett Ford Motor Company
"jim hackett" Discussed on WJR 760

WJR 760

01:50 min | 1 year ago

"jim hackett" Discussed on WJR 760

"Come up to give the only be over half of the day the adaptive sometimes though too we have some warm clothing to give them absolutely and now we're working on something with forward to have a truck go behind bars food trucks that have items that individuals might need a clothing and coats and socks and hygiene products so that's something that we're going to hear a little bit more about later on when when bill Ford comes on on the air that's great what times will be around ten thirty at ten thirty five to thirty five to thirty five web sorry we're missing a member Dr bill of the one time who flee will catch up with him as soon as hopefully things are going well the regardless of the all the flurry of activity that's happening in the people second guessing what's going on at Ford but said Jim Hackett doing a good job given all the circumstances and now Mister Farley stepping in and stepping up I think that the the the pedals to the metal at Ford and they're trying to do all the things that need to be done and your belly is sitting here which I've noticed so I just turned to my right he's back with us he's going to be with us all day long and into the evening hours of it's certainly good to see you chip thank you it's always good to be here and another great data show our support for the city of Detroit all the folks out there who aren't as fortunate as we are as blessed as we are a lot of people out there the dead and we are helping them today which means you are helping them today and there's a great feeling that you're going to get when you make the call to eight three three south hope or a three three seven two five forty six seventy three or text bread two two four three six five a great feeling you'll get when.

bill Ford Dr bill Ford Jim Hackett Mister Farley Detroit
Ford top automotive executive retires in management shake-up

AP 24 Hour News

00:38 sec | 1 year ago

Ford top automotive executive retires in management shake-up

"For the nonce the management shake up following a poor fourth quarter financial performance CEO Jim Hackett says the company fell short of expectations for the year and do you blame the performance largely on the botched launch of the new Ford explorer SUV Ford's now announce automotive president Joe Henrik soul retire effective March first the company's president of new business and strategy Jim Farley will become chief operating officer in charge of global markets and automotive operations and product development chief how Thai Tang will take on an expanded role for products services and customer

Jim Hackett Ford President Trump Jim Farley Chief Operating Officer Thai Tang CEO Joe Henrik Product Development
"jim hackett" Discussed on KLIF 570 AM

KLIF 570 AM

11:01 min | 2 years ago

"jim hackett" Discussed on KLIF 570 AM

"That's almost like real money. Yeah. That would be real money and the Renault Nissan. Deal is most successful long-term joint venture ever in the history of the car business, according to that article, not, according to the article, according to facts, it's been going on since ninety nine and yet Nissan's margin fell under. I want to say six percent this year. Where's the savings on that? Right. So we're talking with Jason Johnson, general manager, Franken Cadillac and we'll Churchill who along with his sister Corey owns a joint Jason. Did you hear this rumor anywhere, besides me telling to you just now not until you told me this morning, which by the way you should look on his face on told him that? Yes, it was magin. They're surprised Jim Hackett in charge. General motors. That'd be that'd be interesting. Even puts in, in, in the in the story little bit later these not well respected, which one. The article. Well, a Jim Hackett for me. Douglas, MacIntyre wrote the article say he's admitting that he's not really well respected in the article and saying that, that would be nice. But that's not what happened. But my point is with the Ford Motor Company Ford. Family is never going to let it go. They live off the dividends of their special issue stock, and we could probably push this rumor down the road a little bit longer. You know, I mean four the new train station or the old train station in Detroit. I have it in trying to sell the ring. And so maybe, you know, it seems like a plausible marriage into the train stations together, the cultures are completely different of each other. So it'd be like the most disgusting soup you ever ate, but it is a train station. So they could each day on one side of the tracks. In the morning. Again, renaissance center was built by Henry Ford, the second. Right. Okay. Back in the nineteen sixties, because Detroit was considered a blighted city back then, and they'd come out of all the riots of the sixties. And so he decided spin Ford's money and build renaissance center, which, by the way Ford bailed on after all, not that many decades and General Motors, bonded. So GM's already living in Ford's hand-me-down. Yeah. That's a direct result of the riots in Detroit in the nineteen sixties. See, that's kinda history kind of. No. But again, the Ford family, they don't even trust each other. You know that don't you know, when they have the family meetings, they actually have a quick at I forgot a bill's house that, when you walk in, it will tell if you have a taping device on you. Holy you surrender your phones. They get turned off. And they actually want you down to make sure you're not worrying wire. I bet Christmas dinners, interesting. That's great thanksgiving. Don't mind the Pat down before we have the Turkey, you know, you just wonder static electricity from time to time at family meal sets everybody's equipment off. Yeah. Better, check the Turkey where we got it open. But I got tickled because can't find any real logic in that other than if you keep consolidating you consolidate down to nothing. Right. I think it's probably just some board. Writer just throwing something out there who probably hasn't had a accurate in a while and is trying to get a little airtime. That was that was pretty good. Slow news cycle who knows? Yeah, yeah, it's not been a slow news cycle for them. In fact, it's getting to the point, my, my memory is starting to fail. And I think it's because you take in a hundred stories a day now that all seem important some way, knowing that in four or five days, probably a handful of them are still important, but the new cycle so incredible this was just one. I started laughing. When I read it, I think it provides good humor considering all the to your point all the news. It's blowing around. It's based on leave the Chrysler deal with Renault, right? But Sergio Marchionni tried to get Viagra Chrysler's part of GM. He tried to get a part of anyone. That would give them a check Volkswagen wouldn't do it. Nobody did. But are suddenly Renault because they have problems with Nissan. Look like a pretty good pigeon. Right. Ironically, the one thing they're talking about the so great about Fiat Chrysler, Aram, trucks, and jeeps. It said to brain story for sure. Which takes us back thirty years, right? Renault owned American Motors. Yep. The head of Renault was assassinated by an anarchist on the streets pairs. And so they sold American Motors to Chrysler because Lee Iacocca wanted to get Jeep in essence, if this deal goes through the Chrysler with Renault it returns, the best part of American Motors to Renault. That's crazy. To hang out with Ed. Colleges intents and blazing gentlemen. He's not even looking at a computer screen that's coming from the files of ED's head. I just remembered it because one thing that Chrysler got out of it, by the way, I wrote about it for the star telegram this week. But I remember because I'm still doing the stories when I start the show. Leah coca wanted France wall Castaing the engineer who was at Renault took over engineering, and American Motors. Will Bob lots and all the guys didn't anything to do with them. And I said, look, what all he's created, and they never had any money to do it. So maybe we ought to watch what he's doing. Right. He knows how to work without a budget. That's correct. No money. And so what happens? Let's is in charge of design Francois. Castaing takes over engineering and by nineteen ninety eight Chrysler's most profitable car company in the world on a per vehicle built basis. PT cursor Vevey that was before that. That's what that's why Mercedes bottom. Yeah. So any case, I just thought you guys were talking about this. Sessa cadillac. It's all an SUV and crossover market now. And I was just wondering what would be like if you had a Cadillac variation of afford escape. We call it the Cadillac of Skopje. Sounds very luxury. You know, it's kind of like target the circled out boutique target Taja. You're in alpha you're into alpha numeric, the correct thing to call, it would be an XXX minus one or you got to have an F in it. The ex F minus one, minus one. Yeah. Chris over Ford Cadillac. It's, it's just by the way, also brought a deal in that I wrote back in nineteen ninety eight about mergers. Okay. The British motor industry started. Merging, everybody, forgets us at the end of the second World War Morris? Austin Healey became the British Motor Corporation, fifty two, not made didn't make any money. So the Jaguar and British Daimler into the group and sixty six became British Motors, holding sixty eight standard triumph Leyland in Rover joined the group, and it became British Leyland and nowhere longline did this merger and all these synergies and savings ever turn a profit for any of these companies. So the as I put it back in nineteen ninety eight forgot one thing building cars, anybody wanted to buy remember sterling you're sterling dealer. We were. I'm just trying to get some history for all the listeners out. Do you remember how many sterling franchises, they were originally going to put into Dallas Fort Worth? I, I was too small but edged show me forefinger says, one or county, how many were there when they actually opened I have no idea twelve really from day one. It was a disaster. Wow. Uh-huh. Yeah. And it had the Honda Motor and transmission. They were using the Acura legend. Okay. And it had Lucas electrical. So they took the best of Japan and the worst of the British motor industry. And made the sterling. Gotcha. But it drove great right? But it had Lucas electrical in it. And that was the issue, it was so bad Honda wanted to pull their engine transmissions. And the United States government said, if you do then we're going to penalize you for. I know that so Honda goes in what do they do that by twenty percent of Rover to fix the company? And then pull out of America. Normal sterling pull out of them right of because I mentioned there were twelve dealers when Dallas Fort Worth probably best needed to right. So when Honda poll out of the come are bought twenty percent in, they were so happy with the progress there and Rover started building Honda's under licence, Honda built the Rover discovery in Japan under licence. I didn't know that. Yes. They did so Honda's going to buy fifty one percent controlling interest in Rover and the MW shows up so given the choice of white guys that you've been to war with twice, or the Japanese company, which way do you think they went? The wrong way. They went with white guys. They fought in two world wars killed off. Couple generations. But in any case that being said to make it short Honda was furious. BMW calls, Honda and says you need to come to Berlin, and we'll discuss this stuff. They said, no, you can fly to Japan. 'cause we still own twenty percent. And so, when it unwound, Honda still had the license right to the discovery of BMW told him Quinton building it. They said, no. So they built like three. Two years. A row just the snub BMW? It's a great story. Well, you that the car industry is always full of these great stories will, but someone has to know. That you and, you know, one day I will forget them. And everybody's going to go gosh. You know, he when did he start using the Walker again. Yeah. We're done today with real church or who along with his sister, Corey Watson, owns Frank. Can't and by the way, I got a very nice Email that I sent you on Frank canton country out in the country. Yes, sir. Thank you. People. Bought a truck said it was best experience ever had. Thank you. And Jason Johnson is general manager. Franken Cadillac over in Fort Worth coming up next. We once believed in the power of great protest songs apparently not anymore. It's classic tracks next on five seventy KLIF on Jim hardy, general manager of maroon Chrysler Jeep Dodge Ram in Fort Worth over the last few years. I've been amazed to hear how many listeners are looking for that perfect retirement vehicle to go off and cruise North America. In sure a lot one, an SUV, which is perfect as marines has the Jeep, compass Cherokee and Grand Cherokee, which is also the most awarded SUV in history. Well, others are looking for lots of space for them, and maybe even their pets. Well,.

Honda Renault Chrysler General motors Detroit Ford Nissan Jim Hackett Jason Johnson general manager Japan American Motors Corey Watson Rover GM Franken Cadillac Henry Ford renaissance center Dallas Fiat Chrysler
Ford Cutting 7,000 Global Jobs As Part Of Restructuring Plan

Marketplace with Kai Ryssdal

07:37 min | 2 years ago

Ford Cutting 7,000 Global Jobs As Part Of Restructuring Plan

"The Ford Motor Company announced this morning. It's cutting seven thousand salary jobs worldwide about ten percent of its white collar employees. It's all part of a big multi year restructuring program that CEO, Jim Hackett has embarked upon, you might remember, though, that Ford made it through the financial crisis, without the bankruptcy filings, the GM, and Chrysler had to make in the f one fifty pickup truck has been bestseller and huge profit maker for decades now. But as marketplace's Jack Stewart reports Ford, along with all the other car companies is gearing up. Very more challenging future. The also industry is anticipating some major technological disruption to its business, but as part of planning for that Michelle Krebs had also try to says companies have to keep doing what that doing. I don't make your absolutely cannot take their eyes off the ball of today's business because that is what is creating the funding to finance this future, that we don't know, when it's going to happen that future for Ford, which wants to be a mobility company means getting into all sorts of things from bike sharing programs to self-driving robo taxis uncertainty, though, is always haunts plan for says Stephanie Brindley analyst at IHS market. You're saying it in some of the financial results. You're seeing it in different cost-cutting programs at different automakers for it's not alone in trying to balance this at all companies worry that one day, people may choose not to own a vehicle, and just use a map like Uber or lift, which with tens of billions of dollars robo tank sees could hasten that shift even more GM boats and autonomous startup cruise for a reported Hoffa billion tech companies with deep pockets like Google's parents alphabet have their own self driving. I'm visions Sam Vieira ni. Out consultants auto focus solutions says Ford is investing to, I would say they they're doing very good job of it. They're just not promoting it yet, but they are moving forward and looking forward to the next era in the automotive industry, and all it's really clear about that next era is that it's going to need as much money as possible to competion, even if that means cuts today. I'm Jack shoe for marketplace. Morgan Stanley is today's bearer of ill economic tidings in a report out this morning. The banks analysts said that, if the trade war between the United States and China keeps up and the president's threatened tariff increases on more Chinese imports come to pass a global recession is within the realm of possibility. So the question now it seems is whether President Trump's approach to trade negotiations is working as he intended cleared Williams was still not too long ago. A White House trade policy official miss Williams. Thanks for coming on. Thanks. Thanks for having me. So for those who don't follow trade, perhaps as closely as. Well as you and I do gimme the gimme like the thirty second elevator pitch version of President Trump's trade agenda. Sure. Well, what President Trump is trying to do is get his arms around a set of long-standing unfair trade practices. That's been going around and the global community. I think the, the most prominent example of that is what's happening with China. Obviously, he's expressed concerns with, you know, the NAFTA agreement with elements of the World Trade Organization. And I think in general with sort of a lack of equitable treatment when it comes to tariffs around the world, do you think, though that the president's tariff policies are the way to get done what he wants it seems that it's very spur of the moment, shall we say now? Well, I actually think since the president has been in office, what he has tried to do is to take tariff action in many cases as a means of leverage, you know, not all tariffs are created equal, as they say. So I mean I could go through. One by one in China. It's really a means to an end fair enough. And, and look, it's only a half hour program. I appreciate you. You know go through the harmonized tariff schedule. But let me ask you a more fundamental question, and it's going to sound like I'm poking the president in the eye, and I'm really not do you think he understands the way tariff works, because if you look at his public pronouncements his tweets virtually everything he says, about tariffs would seem to indicate he just doesn't understand how they work. It's not the Chinese are paying. It's not that there are billions coming in, in the United States from overseas. It's American consumers who are paying these tariffs and the president discounts that at every turn. I think the tariff question actually is, is somewhat of a complex one. Now, I will be the first to grant you the tariffs do have somewhat of a negative impact on the US Konami and on consumers. They can have an impact on businesses who need to get those, those products from abroad. I mean, I'm not a tariff guy all of that said, you know, who pays the tariff in any particular instance is not as simple as, oh, it's all China or it's all the US consumer. And what we've found is we've analyzed it is that it's really different in, in each instance, I'm sure I don't need to say for the academic research that shows in the section to thirty two and three hundred tariff cases that the president has imposed on the Chinese. It is literally American consumers who were paying sometimes inaccessable one hundred percent of the tariffs and more to the point though. With all respect, you didn't answer the question, does the president understand how tariffs work, I think that he does. And again, I, I, I would paint the three one in the two thirty two with, with different brush. I think when the administration put in place, three thrill one Tara. Chiefs. They were expressly designed to pick products that the US could source from other places and you actually do see some of that happening on steel. I, I would grant you that different situation. And I think that the steel tariffs were more controversial within the administration itself for that reason. I'm not sure exactly when you left the administration must Wilms but, but the last you heard from folks inside the White House. What is your sense of the president's sense of urgency on fixing and, and getting to a deal with the Chinese, and, and does it carry into the twenty twenty campaign cycle farther? I left the White House about a month ago. April nineteenth with my was my last day. I went and actually got to see the president a couple of weeks after that, I think that with respect to China that the president is willing to keep at the current strategy as long as it takes to ensure that China starts playing by the rules. I think if you look what you're hearing from the hill, you see Democrats and Republicans alike, all saying, stay tough on China, make sure you get structural reforms in China where you're getting feedback are things on steel and aluminum and saying, we need to work with the allies more. So, look, I hear ya on what he is hearing from the hill. And from people inside the boat way writ, large, but every single farmer we talked to and virtually every single small business person with truly just one or two exceptions in the last year and a half has said these tariffs are killing us. Right. No. There's no question that there is going to be some pressure from the business community. I've been surprised actually that, that the, the business community for the most part has stayed firm with the president and said, you need to, you need to be tough on China because they're hurting my business. A lot of the pain that the agriculture community has been feeling in the past has been on the retaliation, the restrictions trying to deal with that. But if we can get the commitments from China, and the market access from China, it's going to be a much better situation. Clear Williams, former deputy director for international policy, the National Economic Council, the White House on his way through job in the private sector Williams, thanks very much for your time. I appreciate it, sir. It's my pleasure.

President Trump China United States Ford Motor Company Clear Williams White House GM World Trade Organization Michelle Krebs Jim Hackett Jack Stewart Chrysler CEO Stephanie Brindley Ihs Market Sam Vieira
"jim hackett" Discussed on WJR 760

WJR 760

01:33 min | 2 years ago

"jim hackett" Discussed on WJR 760

"Every day, providing food and laundry, showers and other services, tell us about it. Yeah. Well, you know, w first of all thanks for having us on. And you know, Jim Hackett is a big part of what we do with Hannity as well as what we do on the business side. So it's really a team effort, and you know, homelessness is actually on the increase in the Detroit area. Part of it is due to, you know, as as revitalization continues to grow pleading in some cases, less people. Let's opportunities for people to have lower income housing. So we're seeing over there. The estimates twenty thousand people in southeast Michigan that are homeless on the nightly basis. So that's growing. So that's why we need organizations like the pope Francis center. He's been around a long long time right in the center in the heart of downtown Detroit. And we wanna make sure that they have the resources that they need all of you don't have a place to go tonight. You know, have a place that they can go to so. We're helping them a lot with magnitude to have this event at the MGM grand. Which is which is a great place to have a nice event. And we've got a lot of a lot of great prizes that people can win get some silent auction items and all those kinds of things we have to amazing. Rhonda Walker is that it'd be are. We have a special guest that I can't tell you about Bill. It was gonna be. But it's gonna be a lot of fun..

Detroit pope Francis center Hannity Jim Hackett MGM Rhonda Walker Michigan
"jim hackett" Discussed on KDWN 720AM

KDWN 720AM

01:31 min | 2 years ago

"jim hackett" Discussed on KDWN 720AM

"Bar district. Ford CEO says he's hoping for balance and stability in what's now, an unstable tariff environment that chief executive of the country's number two automaker at Jim Hackett said on Tuesday that businesses want balance he expressed confidence that President Trump is working hard on that as his administration negotiates trade deals CEO now for twenty three years and. We never talked about terrorists. In those twenty three years, we have trade things, but it never really entered into the discussions in my management team. So this is a very current thing. So my expectations to our government is you gotta get us back equilibrium. So I think the president's worked really hard at keeping the equilibrium now while he's trying to go a fair exit. It's also my belief that they needed the trade needed to be modernized, the design of it had not fallen in line with the way the world really has evolved. And it was one-sided Ford builds more vehicles for its customers in the United States by workers in the United United States in any other manufacturer almost eighty percent. And we liked that advantage and this rewards that. So I think there's other side of this this year that will you know, will be the new equally. Trump has threatened.

President Trump Ford CEO Jim Hackett United States chief executive president twenty three years eighty percent
5 former DHS chiefs urge Trump, Congress to fund agency during shutdown

Frank Beckmann

00:38 sec | 3 years ago

5 former DHS chiefs urge Trump, Congress to fund agency during shutdown

"Brighter year for the company they'll have a freshman lineup. Another changes made in two thousand eighteen management. You know, look backwards little constipated in the product line is but a move from being one of the oldest in average as well. The newest Jim Hackett was on with Paul W Smith Ford posted a small loss in the fourth quarter. But made a lot of money in North America. WJR news at farm bureau insurance we cover Michigan. We insure auto

Jim Hackett Paul W Smith Ford Farm Bureau North America Michigan
"jim hackett" Discussed on WJR 760

WJR 760

09:14 min | 3 years ago

"jim hackett" Discussed on WJR 760

"The Ford Motor Company, they you're hearing all different kinds of stories if you get too deep into this like with Bloomberg's and others you'd think that things were falling apart falling apart at Ford. I'm here to tell you they did very very well in North America. They like many other companies have had some struggles in Europe and China because Europe and China are struggling so not so good there. The guy who and remember this is relentless. Positive radio and a relentlessly positive guy is Jim Hackett the CEO of Ford Motor Company. The other end of my line right now. Good morning to you. Jim. Good morning. Paul W we're very positive about the company. You wanna talk to you about that this morning. Yeah. I like to hear about it because there are people like achilles research. That says though, you underperformed in two thousand eighteen you could outperform in twenty nine thousand nine on the back of recovering investor sentiment. Huge surprise potential in two thousand nine hundred and let's face it. Shares for Ford Motor Company still are in in. Their own words remain in the bargain bin. It's true. You know, you, and I talked about sports, for example. You know, this is the company a year ago, and you know, not have the design of its business. The way it is heading into the twenty nineteen we spent twenty eight getting that right? In spite of all that work. We had a decent year. Fact, Gordon America had a really good year. We're going to be paying a nice bonus to our factory workers and has the number seven six zero in it. So that I think that's carbon. I think it is with our frequency. Absolutely good. Good catch. Yes. Yeah. And and and you know, the of the CEO I mean, listen, it's straightforward. You got to balance the interests, like Wall Street along with employees. Customers dealers suppliers and I hear them saying they want us to move faster on the redesigned. But we're we're being very thoughtful about the way we're doing this. So that we don't have anyone of those constituencies. Well, you've learned to thing or two from people who did move too fast. No question. I mean, I live with this other times and I worked with a guy and billboard, which is such an advantage for me because listen to us talk all the time about our job is to serve others, and and service of them Wall Street's one of them. But think about the needs of all these other folks in how we want things to change. And that's the important thing me change almost every aspect of the business for markets the products, and and now this an ear about. You know, I happen to run in last night to rot Albert's, the executive director of the ongoing North American International auto show and Paul Sabatini one of your Lincoln dealers, very very pleased with the product that you have now in the excitement of all the other new products that are coming down the road as well. And we're also we talked a lot with excitement about the June North American International auto show. So we get out of the cold, and the snow and all the rest of it. So there are positive things. There are always going to be questions and all of that. But you grew full-year revenue two percent to the highest level since before the great recession. The cash flow was two point eight billion enabling you to maintain cash and liquidity balances well above your targets. And let's face it. While things might have been a little depressed, especially in other parts of the world that seventy. Six hundred dollar bonus. Check to the UAW Ford workers is big. In fact, how do you do that? If you had a quote unquote down period. How do you still come up with seventy six hundred dollars per employee UAW worker? Earned it. These folks did a great job a year. You know, what we move things around me restarted ranger? I've been in the last few weeks of all the whitewater around other issues that are folks that are back fasting job or very stable. They're all yeah. Westby enter this coming year where we have to work out deals with them. Our plans in North America, really solid. The other thing is that our product development. Our people were so hard and getting products out. Management. You know, I look backwards. Little Costa debated in the product line is but a move from being one of the oldest in average as one of the newest see that's what Wall Street is caught between going to see the object of that caliphate. That's and you'll see good when you consider. Well, first of all the North American International auto show excitement around the GT five hundred the Mustang and the twenty twenty explorer lineup and then as you point out Jim Hackett at Ford Motor Company, the the over the next two years. The Ford showrooms gonna have the freshest full lineup you you mentioned the all new ranger the Bronco escape. All new explorer, all new police interceptor utility all new f one fifty battery electric SUV offroad, small utility. There's a lot coming in the pipeline. Snuck in the battery electric SUV little surprise. I make toes twinkle when I think about it. I've got a great team, but Farley how tight job neither the folks that really rallied around getting this product, right? I mean, they in China right now it's nine, but they're they're looking at in new bottles coming in here alone between and Lincoln. Is that right? Ten new models between Ford and Lincoln in China and China's back on its heels. But this also indicates just how important of Ford is an China is to Ford, and in fact, one of the things I think pulse apetit said last night from that Lincoln has come on strong in China to be the either second or third top luxury vehicle in China already. Yeah. Lincoln itself. Like, you said Paul so crane to bring this up. That's a that's a example of what we can do because we put our nose to the page so to speak about five years ago and said we're going to turn this thing around three successive years where the vehicles been name vehicles the year and in China, it's really hot. And here's thing what we're learning about in doing Lincoln. It's so common sense start with the design problem around, but I really care about work backwards replying that with sports, and you know, optimism is is the kind of thing I grew up with. I think you're one of the best that I get to hear every day. Like, my father getting a piece to get up and sing every morning and wake us all up. So. I feel the same way. Well, God bless you. We have relentless positive radio. No matter the headwinds, Jim Hackett, keep up the good work. And I know you wanna thank all the hardworking men and women of Ford Motor Company. Well, you know, I do that every time tell you there's nothing more important than than in this constituency than the people were Ford Motor Company, they love their company and they brought up there behind this transformation. And I just want to. Thank you for that. Thank you, sir. Nice touching base. It was great seeing you and Kathy. Thanks for stopping by at our charity preview, and we'll talk again soon. That's right. Bring the shorts next next time. We're together. It'll be in the summer. Yep. June of twenty twenty looking forward to it. Thank you, sir. Thank you. Jim Hackett Ford Motor company's CEO on Ford earnings. They lost money around the world but made money in North America. And we're looking forward to positive things still up tremendous opportunity. I think Ford stock is under way underpriced, but you never know with the auto industry, and those stocks in never know. Let's check now WJR now John Bailey. Road. The roads are looking pretty good. So far this morning lighter. Volumes in no weather related issues. Certainly not nothing like the the slushy icy mess. We had yesterday some congestion, including I seventy five southbound headed through the 696 interchange and westbound six thirty six approaching I seventy five northbound to seventy five headed through the ninety six hundred fourteen interchange not too bad of the border crossings this morning. Looks like things have settled on a bit. At the ambassador bridge is still reported thirty minute wait for truck traffic, heading into Windsor on the ambassador bridge and up to a thirty minute. Wait for inbound trucks at the blue water bridge. Windsor tunnel looks pretty good. I'm John Bailey. WJR Trafton is for.

Ford Motor Company Jim Hackett China North America Jim Hackett Ford Motor company CEO Paul W Jim Europe Bloomberg ambassador bridge blue water bridge Windsor tunnel UAW Lincoln twenty twenty Gordon America John Bailey
"jim hackett" Discussed on AP News

AP News

01:56 min | 3 years ago

"jim hackett" Discussed on AP News

"Two twenty eight nineteen giant rocks from space are falling more than they used to. But scientists say there's no reason to worry. A new study finds for the past two hundred ninety million years asteroids have been crashing into earth more than twice as often as they did. In the previous seven hundred million years asteroids, still only hitters every few million years on average and Nastase list of potential big space. Rock crashes shows no pending major threats on. Its impact dangerous scale scientists in Canada the United Kingdom and the United States looked at impact craters on earth and the moon that were larger than twelve miles wide and estimate about two hundred sixty asteroids hit earth in the past two hundred ninety million years. The study appears in the journal science. U n report says the world's thirst for fresh water is causing a salty problem. The study by researchers from Canada, the Netherlands and South Korea on diesel nation plots around the world producing enough Brian waste to swamp an area the size of Florida with a foot of salty water every year, researchers won't that much of the Brian is being dumped untreated into the sea and some is causing harm to see life because of toxic chemicals, the researchers called better Brian management, especially in countries like Saudi Arabia which rely heavily on desalinating. They noted that studies have shown Brian can be used in equa cultures to boost yields of salt, tolerant species of fish and the metals and salts contained in it could be mind. Two of the world's top automakers are teaming up Ford's CEO, Jim Hackett says the partnership with Volkswagen will help the two companies pursue the latest technological advancements companies have signed a memorandum of understanding to investigate. Collaboration on electric vehicles autonomous vehicles, mobility service. And in some ways combinations of all three of those can says they'll begin.

Brian management Canada Jim Hackett Ford Volkswagen CEO South Korea Saudi Arabia United States United Kingdom Florida two hundred ninety million yea seven hundred million years million years
"jim hackett" Discussed on AP News

AP News

01:38 min | 3 years ago

"jim hackett" Discussed on AP News

"Coast a recent count by the society recorded fewer than thirty thousand butterflies and said that's an eighty six percent decline since two thousand seventeen by comparison. The group in nineteen. Eighty-one counted more than a million western monarchs wintering in California. The San Francisco Chronicle reported the Cirque St. society, wasn't sure what caused the numbers to drop. It said there's no substantial evidence of a delayed migration and butterflies are not being reported in other parts of the country. 2017 study by Washington state university. Researchers found the species likely will go extinct in the next few decades. If nothing is done to save it a space tech companies planning the launch a micro satellite later this year at the spaceport at Alaska's Pacific spaceport complex factor. Launch says it will deploy a satellite for the Dutch company. Hiber hyper already has to micro satellites in orbit as part of its project that aims to provide. Connectivity to parts of the world lacking. A network factor will be using inspector our lunch device which it will test in Alaska before the satellite launch factor filed the launch permit in November's admitting dates for a possible launch that ranged through April. As of two thousand nineteen. Two of the world's top automakers are teaming up Ford. Ceo, Jim Hackett says the partnership with Volkswagen will help the two companies pursue the latest technological advancements companies have signed a memorandum of understanding to investigate collaboration on electric vehicles autonomous vehicles, mobility service, and in some ways combinations of all three of those. I.

Alaska San Francisco Chronicle Jim Hackett Ford Washington state university Ceo California Volkswagen eighty six percent
"jim hackett" Discussed on AP News

AP News

01:52 min | 3 years ago

"jim hackett" Discussed on AP News

"Oddsmakers word giving the orange a chance, but as AP's Nick peers reports Syracuse pulls off the stutterer do unranked Syracuse shocks number one Duke at home on Monday night. The orange down the blue devils ninety five to ninety one in overtime. Syracuse got a season high thirty two points from sophomore guard tie-ins battle of feels good. I mean, don't under- dog stuff doesn't really matter us. We we came in here confident. And. Paradores? So we we believe we're gonna win any game when we walk in. Meanwhile, the Syracuse defense L Duke to just twenty one percent on the night from three the win is Syracuse is I over a top ranked team since twenty thirteen Duke Zion. Williamson lead all scores with career high thirty five blue devil starting guard. Trae Jones left the game early when he suffered a shoulder injury. The loss for Duke snaps. It's nine game winning streak, Nick Pearce Durham, North Carolina. Net. Flicks is raising its rates with a thirteen to eighteen percent increase the largest since the company I launched twelve years ago. It's most popular plan will see the largest hike. Thirteen dollars a month up from eleven. Netflix says the extra cash will help pay for its huge investment in original shows and films and finance the heavy dead. It's soon to ward off rivals like, Amazon, Disney and AT and T. This is the fourth time. Netflix has raised at US prices. The last hike coming in late twenty seventeen but it's the first time higher prices will hit all fifty eight million US subscribers. The new prices will immediately affect all new subscribers then enroll out to existing customers during the next three months. Two of the world's top automakers are teaming up Ford's CEO, Jim Hackett says the partnership with Volkswagen will help the two companies pursue the latest technological advancements companies have signed a memorandum of understanding to investigate collaboration on electric vehicles autonomous vehicles, mobility service, and in some ways combinations of all three of.

Syracuse Nick Pearce Durham Duke Netflix US Duke Zion Trae Jones Jim Hackett North Carolina Williamson Flicks Ford Volkswagen Amazon CEO AT Disney twenty one percent
"jim hackett" Discussed on AP News

AP News

02:19 min | 3 years ago

"jim hackett" Discussed on AP News

"Are teaming up Ford. Ceo, Jim Hackett says the partnership with Volkswagen will help the two companies pursue the latest technological advancements companies have signed a memorandum of understanding to investigate collaboration on electric vehicles. Thomas vehicles, mobility service, and in some ways combinations of all three of those. I can says they'll begin working together right away with new additions to the truck market alliance will begin with the development of commercial Dan's in medium sized pickups for the global markets with both companies contributing each other's product lineups and Ford will develop and build medium sized pickups for both companies also against the Herbert says for their part, they'll be vesting eight hundred million dollars into one of their American facilities to lead the way with alternate. Fuel vehicle Chattanooga, our North American base for manufacturing electric vehicles. And we will create one thousand new chops. They're less additional. Chops oxigen will be mechanically pumped into lakes and rivers in one part of Australia and Australian state governments announced the plan after hundreds of thousands of fish were found dead last week in heatwave conditions in the darling. River in western New, South Wales state. The state government says hundreds more rotting fish have since been found in lake Hume in the States, South the minister for regional water says more than a dozen battery-powered air raiders will be placed in various drought-affected waterways. But he admits it's just a band aid solution experts blame heatwave conditions across much of Australia drought and algal blooms for starving waterways of oxygen. Bar hearing. I'm Tim Maguire or the AP news Bennett William bar, President Trump's choice for attorney general tells the Senate Judiciary committee, he will not carry out any order to fire special counsel, Robert Muller. I believe it is in the best interest of everyone, the president congress and the American people that this matter be resolved by allowing the special counsel to complete his work. The British house of Commons rejects the latest deal, Prime Minister, Theresa may reached with European leaders on getting Great Britain out of the union. After the vote may reminded the members members on all sides of the house to listen to the push people who wants this issue..

Ford Australia special counsel Jim Hackett lake Hume Volkswagen Chattanooga Ceo South Wales Prime Minister president Senate Judiciary committee Thomas congress Robert Muller Dan Tim Maguire
"jim hackett" Discussed on 860AM The Answer

860AM The Answer

01:50 min | 3 years ago

"jim hackett" Discussed on 860AM The Answer

"Six the United States top diplomat secretary of state, Mike Pompeo says his recent discussions with Saudi officials about human rights were open and direct. We hear the latest from the media lines Michael freed reporting from Jerusalem, still seeking political cover in the murder of Jamal kashogi inside the Saudi consulate in Istanbul. Saudi officials promised visiting US secretary of state Mike Pompeo that everyone involved would be brought to Justice five have already been sentenced to death responding to intense criticism of the Trump administration for failing to take action against the Saudis for the killing the secretary told reporters that he raised human rights issues with the kingdom's leaders and that the United States was not satisfied with Saudi efforts in a number of areas, including its crackdown on dissidents and the jailing and rumored torture of women's rights activists. I'm Michael Friedman, townhall news, Jerusalem, news and analysis at the media line dot org and townhall dot com. I'm Keith Peters in Washington. Volkswagen and Ford say they are forming a global alliance in which they'll together develop commercial, vans and medium sized pickups. Also, explore broader cooperation on battery powered and autonomous vehicles. Ford. Ceo, Jim Hackett says traditional automakers are facing profound changes in the market place. We started to see that there were competitors and entities were outside our industry that as well are interested in our markets. So with great enthusiasm that we're announcing the first formal agreement between Volkswagen and Ford to form what we're calling a global alliance. Volkswagen CEO Herbert dis and Ford CEO, Jim Hackett, say the first jointly developed vehicles could hit the market as early as twenty twenty two. And that the link-up would offer efficiencies that would being stronger profits starting in twenty twenty three four will engineer and.

Mike Pompeo Saudi consulate Ford Volkswagen Jim Hackett Ceo Ford CEO Michael Friedman United States Jerusalem secretary Jamal kashogi Istanbul Keith Peters murder Herbert dis engineer Trump
"jim hackett" Discussed on 860AM The Answer

860AM The Answer

01:50 min | 3 years ago

"jim hackett" Discussed on 860AM The Answer

"Get ethos dot com. China's national space station says some seeds taken up to the moon by China's resubmission have actually sprouted on the move. The e four is the first mission to land and explore. The moon's side facing away from earth plants being grown on the international space station before but never on the moon, the ability to grow plants or be necessary. If there ever to be lunar colonies or for long term space missions BBC's pallet gauche reported Russia's space agency says another try by it specialists who established contact with an orbiting radio telescope has come up short the specter. Our sidelight is continuing to transmit signals. But scientists say they have been unable to control it since last Friday, the satellite was launched in twenty eleven and has already exceeded. Its initially expected useful life span of about three years of service. It is used to study radio sources with ended outside of earth's. Galaxy breaking news and analysis at townhall dot com. Volkswagen and Ford say they're forming a global alliance in which they will together developed commercial bonanza medium sized pickups, while exploring broader cooperation on battery power to and autonomous vehicle folks, who I can see you. Herbert descend Ford. Ceo, Jim Hackett, see the first jointly developed vehicles could hit the market as early as two thousand twenty two they add the link put offer efficiencies that would mean stronger prophets starting in two thousand twenty three Ford would make the medium sized pickups one of its business strengths as well as larger vans. Volkswagen would develop and build a city van. That's corresponder. Jeremy house reported the drugstore chain Walgreens is working with Microsoft to improve cares. More companies seek ways to manage patient health companies say they'll cooperate to boost prescription adherence cut down.

Ford China Volkswagen Jim Hackett Walgreens BBC Russia Jeremy house Ceo Microsoft three years
Ford CEO Says Trump Metals Tariffs Took $1 Billion of Profit

Morning Edition

00:48 sec | 3 years ago

Ford CEO Says Trump Metals Tariffs Took $1 Billion of Profit

"President Trump at the United Nations this weekend continued to defend his trade policies, including tariffs. Walmart Procter and gamble and a few other major companies have been warning the tariffs on US imports are raising their costs, and as a result raising their prices and USA radio's Wendy king tells us of another company for CEO Jim Hackett says the Trump administration's tariffs on imported steel. And aluminum will cost the company a billion dollars could told Bloomberg television that Ford gets most of its medals from US producers that have raised prices due to the terrorists in post by the Trump administration. This year Hackett says they have the most hourly employees in the US, and they build more vehicles here than any other

Trump Administration United States President Trump Jim Hackett Walmart United Nations Wendy King Gamble CEO Ford Usa Radio Billion Dollars
Trump metals tariffs will cost Ford $1 billion in profits, CEO says

All Things Considered

02:45 min | 3 years ago

Trump metals tariffs will cost Ford $1 billion in profits, CEO says

"Economy is doing well enough that the fed felt comfortable enough today to raise the short-term interest rate it controls and other. Quarter percent to two and a quarter percent share pal. Two questions for about an hour somewhere. Ted weedy, some more newsy on the impact of trade and tariffs. For instance. I from the chairman came the disclaimer, so I guess I need to start by saying that we're not responsible for trade policy, and we don't comment on particular trade actions, and that sort of thing, and then came the, but we've been hearing a rising chorus of concerns from businesses all over the country about disruption of supply chains materials cost increases, and and and loss of markets and things like that. Which in that way that the global economy goes gets us through the corporate story of the day led by this piece of audio from Jim Hackett, he's the CEO of the Ford Motor Company. Speaking today at a Bloomberg event. From Ford's perspective, the metals tariffs. Took about a billion dollars of profit from us, which the irony is we source most of that in the US today. Anyways, the metal tariffs, of course, are the Trump administration steel and aluminum tariffs that got this whole import tax ball rolling this past spring, the interesting bit of what hack it said is that this is where the tariff story veers firmly into the that is the way they're supposed to work lane marketplaces run out of sago has that one when the Trump administration's laughed at twenty five percent tariff on steel shipped to the US in June. The idea was we raise the price of foreign steel, and that will force companies that need the raw material to buy domestic instead John Zarrella runs. The trade group global automakers he says, we forgot one thing about tariffs. US steel producers because they're protected now from foreign competition have raised their prices almost to the same level of the tariffs. Domestic steel companies are seeing a boost to their bottom lines. One of the biggest. I US steel projects record revenue growth by the end of this year, but a much larger group is losing out American and foreign companies that manufacture in the US and firms that export goods from this country. But our exports to other countries around the world have now gotten more expensive because other countries are retaliating by imposing tariffs of their own on goods exported from the US automakers face some stiff headwinds right now car sales are down just as they say they need to maximize profits to pay for newer, safer cars and compete technologically. At Cam as vice president of industry at the research firm auto Pacific, whether you're whether you're right or Honda. This is bad news. No matter who you are. He says many car companies are eating up the higher steel prices for now. But pretty soon he says they'll hit consumers to

United States Ford Motor Company John Zarrella FED Jim Hackett Ted Weedy Bloomberg Chairman Vice President Honda Auto Pacific Twenty Five Percent Billion Dollars
Cannabis’ Midwest Breakthrough: Michigan To Vote On Legalization In November

The Guy Gordon Show

01:56 min | 3 years ago

Cannabis’ Midwest Breakthrough: Michigan To Vote On Legalization In November

"To reports you might be able to get the vote on legalizing marijuana the state elections board has approved petitions to legalize marijuana in michigan the pot group brought in enough signatures on petitions the group says there would be age restrictions limitations and where you could use marijuana and how much you could carry the state legislature now can write its own law legalizing pot or put a competing issue on the ballot the reefer group says that if recreational marijuana is allowed sales in michigan would exceed one billion dollars a year it would be taxed at ten percent plus the existing six percent sales tax dick hafner wjr news paintball fights organized on social media leaving dozens of cars and people splattered several paintball shooters have been detained by detroit police the organizers say their efforts are meant to persuade people to put down their guns and use paint balls instead a big paintball fight was broken up the other night police say paintball shootings could result in accidental bullets shooting people may see these incidents occurring and they don't know that these are paintball guns because a lot of them look like assault rifles ar fifteen type rifles so you need to do this an area that's made for paintball ward ford made one point seven billion dollars in the first quarter of the year but that's not the major news coming out of the company ford's dropping some well known cars for it says it's going to stop producing the fiesta focus fusion and the taurus the only passenger cars in the future will be mustang and the focus active crossover ford ceo jim hackett telling paul w smith today we have to make these changes in order to be able to find a large new portfolio vehicles that we've announced so we're going to have the freshest lineup in the next two years in the whole industry and we're bringing on sick teen battery electric vehicles around the world and ford sedans are slow sellers with lower profit margins you chair news time three or four we'll update traffic and weather next this report is do you.

Marijuana Michigan Ford Jim Hackett Paul W Smith Dick Hafner Detroit CEO Seven Billion Dollars One Billion Dollars Six Percent Ten Percent Two Years
Ford recalls 1.4 million cars because of steering wheel

The Dr. Daliah Show

01:30 min | 4 years ago

Ford recalls 1.4 million cars because of steering wheel

"Failure to properly affixed steering wheels has triggered a recall of not a couple but one point three eight million ford and lincoln cars ford motor said today that is issuing a safety recall for the two thousand fourteen to two thousand eighteen year ford fusion and lincoln m casey since they have discovered officials sat there are potentially loose steering wheel bolts that could result in a steering wheel detaching from the steering column now when that happens are we able to actually move the stick ourselves i wouldn't trust that i could do the fine movements i can't do what the handle they say this recall according to usa today already adds to ford's bouncing quality issues the company has recently been bedevilled by a separate cascade of door latch recalls now several million vehicles the cost of where the six hundred million quality the quality failures underscored the challenges facing new ceo jim hackett he must get the company's president business on track while charting the course for an expensive future defined by electric cars and self driving vehicles so having a recall of one point three million vehicles how is that going to give consumer confidence in their self driving vehicle line four dealers are gonna fix these cars for free customers.

Lincoln Jim Hackett Ford Motor USA CEO President Trump Two Thousand Eighteen Year