https://www.theverge.com/2020/8/4/21353950/ford-ceo-jim-hackett-retiring-replaced-restructuring The article URL is little more direct than then headline, retiring is an euphemism for being pushed out. They have third CEO in less than three years. Jim Hackett did invest a lot in EVs and autonomous vehicles but they still have not panned out for Ford. Will the successor go back to what has worked in the past or embrace change? While in charge, Hackett helped broker a global alliance with Volkswagen that will see the two automakers collaborate on trucks and vans, autonomous and electric vehicles, and more. Ford invested more than $500 million in Rivian and is working with the buzzy EV startup on an all-electric vehicle for the Lincoln brand (though another vehicle collaboration has been canceled). He took Ford’s $1 billion investment into an unheard-of self-driving car startup called Argo and helped develop a potential commercial service — all while recently netting the automaker $3.5 billion by breaking off a piece Argo and selling it to Volkswagen.
