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New Ford CEO replaces CFO, pledges stronger profit margins
Read full article: New Ford CEO replaces CFO, pledges stronger profit marginsHe'll be replaced by John Lawler, a 30-year company veteran who has been running autonomous vehicle operations. It also plans to offer more electric vehicles around the globe including a Transit van and F-150 pickups. Ford also plans to add more affordable electric vehicles to its lineup. Reid said Argo software and autonomous vehicle technology would go to other Ford units, including programs to help businesses with logistics. It was pushed into the black by a $3.5 billion accounting gain on the value of its autonomous vehicle operation.
Ford plays it safe with revamped F-150, focuses on interior
Read full article: Ford plays it safe with revamped F-150, focuses on interiorThe biggest differences are a gas-electric hybrid version, internet connectivity, and a revamped interior that turns the truck into more of a rolling office or even a place to nap. Now its time for another revamp, and Ford is playing it safe with the companys crown jewel. The biggest differences are a gas-electric hybrid version, internet connectivity, and a revamped interior that turns the truck into more of a rolling office or even a place to nap. Theres really nothing more important to us than the F-Series, Ford CEO Jim Hackett said in an interview. Sam Pack, who owns four Dallas-area Ford dealerships, says the F-Series accounts for well over 40% of his sales.
Rocky business restart and an enticing offer for MLB
Read full article: Rocky business restart and an enticing offer for MLBFollowing are developments Thursday related to the national and global response, the work place and the spread of the virus. Disneyland has pushed back the reopening of its parks in California because state approval will not arrive in time. The company said the state will not issue guidelines until after July 4, not enough time to open within two weeks. MARKETS: Stocks are flat to lower as COVID-19 infections surge in a number of states including Florida, Texas and South Carolina. BOXING MATCH: Professional sports are attempting a comeback even without crowds that have been prohibited because of social distancing rules.
Brands weigh in on national protests over police brutality
Read full article: Brands weigh in on national protests over police brutalityBlack lives matter. At the same time, companies must consider whether it makes sense for them to weigh in, especially on an issue as sensitive as race. Media giant ViacomCBS tweeted Black Lives Matter. Expressing solidarity with the Black Lives Movement is the right message, but everyone is jumping in on that bandwagon, said Allen Adamson, co-founder and managing partner of Metaforce a marketing and product consultancy. Each of these black lives matter.