Jim Hackett, president and CEO of Ford Motor Company, intends to resign. This is stated in the statement, published on August 4 on the company’s website.
The new head of Ford from October will be Jim Farley, who is now the company’s chief operating officer. As specified in the document, Hackett in the coming months will refer cases Farley. In addition, until March 2021, he will hold the post of special adviser. Later he will leave the company.
Hackett led Ford since May 2017. Chairman of the Board of Directors of Hackett Bill Ford expressed his appreciation for “all that he did for the modernization of Ford”. Ford said the company now has “convincing plans to develop electric and unmanned vehicles.”
Following the announcement of a change in Ford’s management, the company’s shares rose about $ 0.17 (2.47%) to $ 6.89 in the US stock market.
Ford was founded in 1903 and the headquartered is in suburban Detroit, Michigan.
Ford is one of the largest automotive companies in the United States.
Shares of Tesla rose by 2.73% to $ 425.30 on Wednesday amid overall stock index growth, however, this growth was lower than the growth of shares of competitors such as Ford, General Motors and Chinese automaker NIO, which rose by 3.58%, 4% and 4.3% respectively. Tesla’s current share price of $ 77.19 is below the […]
In September 2020, the Italian company Lamborghini sold 738 cars worldwide. This is a new record for the company, according to its website. At the same time, in the third quarter of 2020, 2,083 Lamborghini cars were sold worldwide. In the spring of this year Lamborghini was forced to close all its plants for two […]
Production and supplies of the American manufacturer of the electric vehicles Tesla grew in the third quarter of 2020 by almost 1.5 times a year, the company said in the release. Therefore, Tesla’s deliveries in the third quarter amounted to 139.3 thousand against 97 thousand in 2019, and the production – 145.036 thousand compared with […]
BMW has agreed to pay 18 million dollars fine for distortion of sales data for five years. About it with reference to the Commission on securities and stock exchanges of the USA. According to the commission, from 2015 to 2019, BMW maintained a reserve of unaccounted for car retail sales, which it used to achieve […]
Tesla has agreed with a number of banks to cooperate in the sale of shares in the company totaling up to $ 5 billion, according to the US corporation. “We have entered into a share distribution agreement … under which we may from time to time offer and sell our ordinary shares with a total […]
Global automakers lost about $ 250 billion in the first half of this year due to the coronavirus pandemic. It is noted that Toyota Motor Corp. and Volkswagen AG – the world’s two largest automakers in terms of sales – suffered the largest significant revenue losses in the first half. “Japan’s Toyota lost $ 35.45 […]
Shares of Tesla closed on Monday with a fall of 1.44%, continuing to decline on Tuesday, their price is now below $ 2000. This situation was preceded by a Bloomberg publication on reducing the number of registrations of Tesla, electric cars made in China. Tesla did not confirm the information; in its reports the company […]
In the structure of total turnover in 2015 was dominated transshipment of grain crops – 55.3% (2.32 million tons). Total the terminal transshipped 4.2 million tons. Marine Terminal “Nika-Tera” handled 236 ships in 2015, overloaded 4.2 million tons of cargo, – reported AgroTimes. “The volume that we had planned to port transshipment in 2015, carried […]Next
Ferrari and Lamborghini announced the termination of official deliveries of its supercars on the territory of Ukraine in 2016 due to the unstable situation in the local market. This was announced by Victor Postelnikov the “Vipos” CEO who sell these models. “Because of the situation in the country, our market is not ready today to […]Next
Vegetable fats have been repeatedly found in butter produced in the SE “Starokonstantinovsky dairy factory”. This is confirmed by the state of research in 2012-2014. The Antimonopoly Committee has fined SE “Starokonstantinovsky Dairy Plant”, which belongs to the largest Ukrainian manufacturers, the Ukrproduct Group company. The fine amounts to 790.3 thousand UAH. This was reported […]Next
Pfizer and BioNTech shares rose sharply on Monday by 4% and 10%, respectively. This happened after the US Food and Drug Administration (FDA) assigned an “accelerated” status to their two COVID-19 potential vaccines. Although the companies have not yet completed the final tests and have not received approval for the production and sale of their […]Next
The three-star hotel metropolitan complex Rus intends to buy a stake of five-star hotel Premier Palace. The nominal value of ordinary registered shares of Premier Palace is 0.25 UAH / pc, and the equity capital of the company – 366 700 000 UAH. The hotel complex Rus, which is located in the center of Kyiv […]Next
2017 was marked by many interesting and significant events for Switzerland. They relate to science, culture, and the social life of the country, and have become important and notable for both Switzerland and for Ukraine. 1. We celebrate the 25th anniversary of the establishment of Ukraine-Switzerland diplomatic relations in 2017. Both sides undoubtedly appreciate well-established […]Next
In 2019, Ukraine and Austria hold the Bilateral Cultural Year. Its official opening and the launch of the website austriaukraine2019.com took place on 22 February in Kyiv. The ceremony and the reception were attended by diplomats and cultural influencers of both countries. The Bilateral Cultural Year in Ukraine was inaugurated by Ambassador Extraordinary and Plenipotentiary […]Next
The American company SpaceX will launch the first Starship spacecraft into Earth orbit, most likely in 2021. It said its founder Elon Musk, speaking at a video conference on the problem of human flight to Mars, according to TASS on Tuesday, September 1. Mask was asked when the first test flight of Starship into orbit […]Next
The LNZ Grour company invested more than 25 mln. UAH in the social sphere of Shpolyansky district in Cherkasy region in 2015. In this region is concentrated the main production of the enterprise. The same amount for social needs LNZ Grour plans to invest in 2016. As said Anatoly Tkachenko, the director of Lebedinsky plant (the […]Next
At the pharmaceutical plant “Kusum Pharm” in Sumy by the end of 2019 the production will be doubled, which will allow to produce up to 50 new names of drugs. This will be possible thanks to the implementation of the import substitution program. This was told reporters co-founder and CEO Rajeev Gupta, during an official […]Next
The “Industrial Milk Company” Agricultural holding (IMC, Kiev) plans to build a dairy farm for 700 heads in the Repkinsky district of the Chernigiv region until 2018. This was announced by the CEO of the company Alex Lissitsa. According to him, the company intends to modernize the dairy complex in the Repkinsky district in the […]Next
According to Business Insider, SpaceX founder and Tesla CEO Elon Musk is selling four homes in Los Angeles for $62.5 million. It is already known that these houses will be sold to the LLC developer owned by businessman Ardi Tavangarian. “Arya Chalon LLC will combine the real estate portfolio into a new single project to […]Next
The head of Fiat Chrysler officially announced about the separation of Ferrari on January, 4, 2016, during the entering the Milan stock exchange. For the first time in 47 years Ferrari gained its independence, showing up as a separate from the Fiat Chrysler company. Head of Fiat Chrysler said in an interview that Ferrari had […]Next
According to the Wall street journal, the French regulatory authority has fined 20 firms engaged in the delivery for 672 million euro. The reason for this decision of regulators is financial fraud of companies, that administered prices through collusion for six years. The companies violated the law in the financial sector and in the field […]Next
President of Ukraine Petr Poroshenko has signed the law on the abolition of compulsory registration of foreign investments, which took the Verkhovna Rada of Ukraine on 31 May. This report announced on the website of the President of Ukraine. The law abolishes certain articles of the statutes of the Economic Code of Ukraine and the […]Next
Unfortunately, most businesses in our country learn about foreign investments from the media but not directly from their own production facilities. Despite the recent positive changes in the state, we still can’t talk about a high or at least a satisfactory level of foreign direct investment in the Ukrainian economy. FOREIGN DIRECT INVESTMENT According to […]Next