car industry

New Ford chief executive to drive push towards EVs and robotics

May 23, 2017

Ford Motor Company has replaced chief executive Mark Fields, following poor sales and a 40% drop in the company’s share price during his three-year tenure.

Ford Motor Company has replaced chief executive Mark Fields, following poor sales and a 40% drop in the company’s share price during his three-year tenure.

Fields has been succeeded by Jim Hackett, a 62-year-old who has headed Ford’s Smart Mobility LLC since March 2016.

Fields’ 28-year career with Ford ended on Monday, as the car company announced a series of leadership changes, part of a wider move to cut 1,400 jobs, about 10% of staff.

Peugeot Citroen deal shows French families need to think global, says business expert

February 21, 2014

The recapitalisation of French family business PSA Peugeot Citroen sends a message to other family firms that they need to join forces with foreigners to survive in the modern world, says a business and corporate governance expert based in France.

This week the Peugeot family announced it was diluting its shares in the carmaker, France’s largest family business, from its existing 25% holding and 38% voting rights.

Family-run motor company flourishes

August 23, 2010

Despite wider problems in the global automobile industry, classical carmaker Morgan Motor Company has recorded strong results, as demand for its iconic convertible remains strong.

According to a report in the Financial Times that cited Company House numbers, the Malvern, Worcestershire-based company saw full-year 2009 pre-tax profit treble to £661,209 on turnover of £26.8m, up from £22.1m the year before.