Will a New CEO Help or Hurt Ford Motor?
T = Trends for a Stock’s Movement
Ford is a producer of cars and trucks. The company also engages in other businesses, such as financing vehicles. Ford operates in two sectors — automotive and financial services. Through its sectors, Ford provides a wide range of vehicles, vehicle parts, and services to a multitude of consumers and companies worldwide. The company’s products saw declining demand in the past several years as gasoline prices took a major toll on pockets. Ford Motor is now revolutionizing its vehicles in order to compete on the world stage. Look for Ford to fuel a recovery in the American automobile industry and provide highly demanded vehicles, parts, and services.
Ford Chief Executive Officer Alan Mulally may be leaving the company earlier than had previously been expected as the company’s board is feeling more comfortable with the idea of Chief Operating Officer Mark Fields taking the position, Reuters reported. Mulally is widely credited with saving the automaker after the financial crisis of 2008 and wasn’t supposed to step down until the end of 2014. Sources told Reuters that now the board is giving Mulally the freedom to decide when he’d like to leave.