Money Ford fires CEO Mark Fields, Hackett takes reins - reports

11:40  22 may  2017
11:40  22 may  2017 Source:   Reuters

Honeywell recalls fire alarm gateway that can't detect fires

  Honeywell recalls fire alarm gateway that can't detect fires Tech-savvy fire alarm systems aren't without their share of problems, it seems. Honeywell is recalling its SWIFT wireless gateway after learning that the smoke detectors connected to the gateway (usually found in apartments, hotels and offices) won't always kick in -- in other words, they can't accomplish their one and only mission. The company hasn't received reports of real-world incidents and is offering a firmware update as a fix, but it clearly doesn't want to take any chances.The recall isn't about to spark a mass panic when it covers just 900 units sold between October 2014 and December 2016.

FILE PHOTO: Ford Motor Company CEO Mark Fields speaks at the 2017 New York International Auto Show in New York City, U.S. April 12, 2017. Forbes and the New York Times reported James Hackett , head of the Ford unit that works on autonomous vehicles, would take the reins .

Ford fires CEO Mark Fields , Hackett takes reins - reports . Oil jumps as Saudi, Russia take lead and extend supply cuts to March. Amarin Announces Expanded Research Relationships and Studies to Help

FILE PHOTO: Ford Motor Company CEO Mark Fields speaks at the 2017 New York International Auto Show in New York © REUTERS/Brendan Mcdermid/File Photo FILE PHOTO: Ford Motor Company CEO Mark Fields speaks at the 2017 New York International Auto Show in New York

Ford Motor Co Chief Executive Mark Fields is set to leave the carmaker as part of a shake-up that includes other top executive changes as the company's shares hover near a 52-week low, several media reported on Monday.

Forbes and the New York Times reported James Hackett, head of the Ford unit that works on autonomous vehicles, would take the reins. An announcement could come as early as Monday.

Ford shares are down nearly 40 percent since Fields, 56, took over three years ago at the peak of the U.S. auto industry's recovery. Now, U.S. auto sales are slipping, and Ford's profit margins are trailing those of larger rival General Motors Co.

Gorse fire which was visible across Dublin put under control last night

  Gorse fire which was visible across Dublin put under control last night Dublin Fire Brigade received over 20 calls reporting the incident. The fire was visible across Dublin, as far away as Howth.The fire was brought under control before midnight last night, as Coillte took over command of the incident at about 10.30pm.Wicklow officers were informed of the fire before it was put out because it was starting to move over to their jurisdiction.We're aware of the gorse fire near Ticknock / Three Rock and have 3 fire engs attending #Dublin#mountains#fire Ph… twitter.com/i/web/status/8…Dublin Fire Brigade (@DubFireBrigade) May 17, 2017#Fire on Ticknock Hill this evening.

Ford will fire CEO Mark Fields and replace him with self-driving car chief Jim Hackett , according to the New York Times. It's not just the drop in sales, market share, earnings and the stock price (down 40 percent since Fields took the reins ) that has Ford investors alarmed.

Ford Motor Co. is firing CEO Mark Fields after less than three years at the helm of the second-largest US automaker, multiple news outlets reported Sunday night. Fields will be replaced by Jim Hackett , the chairman of the Ford 's forward-looking Smart Mobility division.

Ford's board of directors and chairman Bill Ford Jr. had been unhappy with the company's performance, and sought more reassurance that investments in self-driving cars, electric vehicles and ride services would pay off.

Details of further executive moves were not clear on Monday. The Wall Street Journal reported on Sunday that the company was considering new assignments for some of Fields' top lieutenants.

"We are staying focused on our plan for creating value and profitable growth," a Ford spokesman in Europe said in response to the reports. He declined to comment "on speculation or rumours".

The turbulence at Ford comes as all three Detroit automakers are under pressure to prove they can avoid losses as the U.S.auto market, source of the bulk of their profits, is slowing down after last year's record sales.

Ford set to replace Mark Fields in drive to boost its fortunes

  Ford set to replace Mark Fields in drive to boost its fortunes The move comes two week as Fields was criticised by shareholders for sliding financial results.Fields will retire at age 56 after 28 years at the company, it was reported in the New York Times.

Reports suggest that Ford Motor Company CEO Mark Fields has been replaced by the head of Ford Smart Mobility Subsidiary LLC James P. Hackett .

Ford Motor Co Chief Executive Mark Fields will leave the carmaker as part of a shake-up that includes other top executive changes, Forbes reported late on Sunday, citing a person familiar with the situation. James Hackett , head of Ford Smart Mobility LLC, will become its new CEO and an

FILE PHOTO: Ford Motor Co. president and CEO Mark Fields makes a major announcement during a news conference at the Flat Rock Assembly Plant in Flat Rock © REUTERS/Rebecca Cook/File Photo FILE PHOTO: Ford Motor Co. president and CEO Mark Fields makes a major announcement during a news conference at the Flat Rock Assembly Plant in Flat Rock

GM Chief Executive Mary Barra is fending off attacks from hedge fund Greenlight Capital and its leader, David Einhorn, who wants to install three new directors on the automaker's board, and split GM's stock into two classes.

FiatChrysler Automobiles NV is fighting accusations by U.S. and California regulators that it used software to cheat on diesel emissions tests, and Chief Executive Sergio Marchionne has so far been unsuccessful in his effort to find a merger partner for the company.

Second-round pick Dalvin Cook signs with Vikings .
The Minnesota Vikings have now signed all 11 of their picks from the 2017 NFL Draft after coming to terms with Dalvin CookThe Minnesota Vikings have officially inked their most intriguing draft pick in the 2017 class, coming to terms with running back Dalvin Cook on Wednesday.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!