Don’t wait for stories to appear in the store when you can become a member of Wheelbase Media’s weekly news service and save more than 50 percent while gaining instant access to the new features as they’re produced. Click here to get started.If you are not a member of the media, but still wish to read this and other feature stories from Wheelbase Media, visit www.theoctanelounge.com to subscribe to Auto Shift Weekly newsmag, available for your Apple iPad or for your home PC or laptop in pdf format.

Description

With its stock price depressed to 52-week lows, and challenges from other automakers and Silicon Valley, Ford Motor Co. CEO Mark Fields is out, replaced by former Steelcase CEO and University of Michigan Interim Athletic Director Jim Hackett.  As part of the move, Ford also made about a dozen upper-management changes in various areas of the company. In announcing the changes, Hackett and Ford Executive Chairman Bill Ford said the company had three specific goals: