When Hackett was appointed, he carried out a 100-day review to assess the firm's strategy. He needed to demonstrate to Wall Street and the rest of the world how Ford was going to stop losing ground to rivals in areas from SUVs to electrification, and Hackett came forth with a roadmap for doing that and more.
'The world's impression of Ford is that they are behind on a lot of these technologies, ' Emmanuel Rosner, an analyst with Guggenheim Partners, said in an interview.
Ford shares rose 0.5 percent to $12.40 as of 4:22 p.m.in NY, after the close of regular trading.
The new thing is Ford's shift of one-third of their internal combustion engine investments to electric cars, which should accelerate their rollout.
Ford also plans to reduce the number of standalone options that buyers will be offered, a step aimed at further reducing both assembly line complexity and consumer choice.
What likely will be gone are some of Ford's slower-selling passenger vehicle models, Hackett and his lieutenants emphasized during a lengthy meeting with analysts and the media.
The automaker said it is reallocating $7 billion of capital from cars to SUVs and trucks, including the Ranger and EcoSport in North America and the all-new Bronco globally. Ford has already announced partnerships with app-taxi company Lyft and pizza delivery company Domino's to develop autonomous transport for Lyft customers getting to and from a destination, as well as autonomous food delivery methods. It will also reduce by 25% the time it takes to take new cars and trucks from the idea stage to vehicles sitting in dealerships.
Ford also reaffirmed 2017 financial guidance it gave in July and said it would provide a new 2018 forecast in January.
Barry Barish , now professor emeritus of physics at Caltech, joined the project in 1994 and later became the LIGO director. The gravitational waves discovered are oscillations in space-time created by the collision of the black holes.
However, a new listing on a reseller's website reveals some alleged hardware specifications of the unannounced Pixelbook. Just a day before Google's event , Walmart spills the beans and briefly puts up the page for the Google Home Mini .
Turkish armed forces chief of staff General Hulusi Akar also came to visit the Iranian capital on Sunday. President Erdogan will meet with Iranian religious leader Ali Khamenei and President Hasan spiritual.
What happened Sunday? The Giants won, thanks to Pablo Sandoval's walk-off home run against the Padres in Game 162 ( SF 5, SD 4 ). Ted Barrett, who was behind the plate for Cain's flawless game on June 13, 2012, also called the balls and strikes Saturday .
Moritz ( 22 Jump Street ) was overseeing The Sonic Movie (listed on IMDb as Sonic the Hedgehog ) when he worked at Sony . It has been roughly a year since a live-action adaptation of Sonic the Hedgehog was announced to be in the works.
The bumper-sticker version of the strategy is "4R+S", the secretary said: regionalize, realign, reinforce, reconcile and sustain. In talking with the American people, we will tell them we are adding the troops.
Severino labored through a 46-pitch third inning, including a 13-pitch at-bat by Mauer that ended in a run-scoring single. Yankees scored 858 runs, an increase of 178 from previous year and second in the majors behind Houston (896).
The coup left Palestinian President Mahmoud Abbas's Fatah movement in control only of self-rule enclaves in the West Bank. The PA does not believe in the legitimacy of Hamas' arms. "If it does then it's a non-starter for Israel", he said.
Iwobi Fires Zambia Warning With Arsenal Goal Vs Brighton
Nacho Monreal and Alex Iwobi scored either side of the break as Arsenal moved level on points with Chelsea on Sunday afternoon. Arsenal boss Arsene Wenger confirmed he was pleased with his team's recovery following a disappointing start to the campaign.
United States to expel majority of Cuban embassy staff
Ties between the U.S. and Cuba were restored under President Barack Obama in 2014 after more than half a century. U.S. secretary of state Rex Tillerson had earlier said that kicking out 15 Cuban diplomats would "ensure equity".