Page 44 - Jim Hackett News Today

Photo by Gregory Shamus/Getty Images Michigan athletic director Warde Manuel will be sticking around Ann Arbor for the foreseeable future. Angelique Chengelis of The Detroit News reported on Monday morning that Manuel signed a contract extension with the University of Michigan in early February with an announcement that could come as soon as Monday. Terms of the deal were not readily available as of this posting. Am told Michigan athletic director Warde Manuel, 52, signed a contract extension e...

Press release content from Globe Newswire. The AP news staff was not involved in its creation. La-Z-Boy Appoints James P. Hackett to Board of Directors La-Z-Boy IncorporatedFebruary 11, 2021 GMT MONROE, Mich., Feb. 11, 2021 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced that James P. Hackett has been named to its Board of Directors, effective immediately. He will serve on the Audit Committee and Nominating and Governance Committe...

February 11: Weekly Driftless Region COVID-19 update Editors note: this story is updated as of Thursday, Feb. 11, in the COVID variants section to reflect growth in numbers. DRIFTLESS - Over the past week COVID-19, diagnoses statewide increased from 543,165 on Monday, Feb. 1 to 550,639 on Monday, Feb. 8. That is a statewide increase of 7,204 cases. The number of deaths increased from 5,897 to 6,055, an additional 158 deaths, according to the Wisconsin Department of Health Servic...

Ford’s Surprise Profit Paves Way for Electric-Car Investment Bloomberg 2/5/2021 Keith Naughton (Bloomberg) -- Ford Motor Co.’s gas-powered SUVs and trucks helped haul in an unexpected fourth-quarter profit, providing a down payment on the $29 billion the automaker plans to spend developing electric and autonomous next-generation vehicles. The manufacturer almost doubled its planned spending on EVs Thursday to $22 billion through 2025, a response to the bold initiative outl...

Close icon Two crossed lines that form an X. It indicates a way to close an interaction, or dismiss a notification. Amazon CEO Jeff Bezos in 2019. MARK RALSTON/AFP via Getty Images During the pandemic, CEOs have stepped down from the position at companies like Ford and IBM. Many of the CEOs had run the companies for decades. Some maintained leadership roles on the boards. Amazons CEO Jeff Bezos is one of more than a dozen CEOs to announc...

Ford is ceasing vehicle output in Brazil, closing three plants and ending sales of nameplates such as the EcoSport in the region as it continues a global restructuring plan started by former CEO Jim Hackett.

The content below was translated by Tencent automatically for reference. On January 12th Ford said it would stop production in Brazil, close three factories and stop selling well-known models such as the EcoSport in the region to continue the global restructuring plan launched by former chief executive Hankate (Jim Hackett). The move will cost the company $4.1 billion, of which $2.5 billion will be accounted for in 2020 and another $1.6 billion will be charged to special charges later this year...

Ford said production will cease immediately at Camacari and Taubate engine plants in Brazil. The company's Troller plant in Horizonte, Brazil, will continue to operate until the fourth quarter.

Ford Sees $4.1 Billion Charge on Three Brazil Plant Closures Bloomberg 1/11/2021 Keith Naughton (Bloomberg) -- Ford Motor Co. is ceasing manufacturing operations in Brazil after more than 100 years of building cars in the country as part of a restructuring that will eliminate 5,000 jobs and result in about a $4.1 billion charge. The automaker said Monday it will close two factories in Brazil immediately and a third by the end of the year, ending sales of three locally made mod...

Ford shutters plants in Brazil to cut costs, effective immediately Phoebe Wall Howard, Detroit Free Press Introducing the new Ford Ranger Tremor Replay Video UP NEXT Ford Motor Co. will stop manufacturing in Brazil in 2021 as part of a restructuring plan meant to cut costs and increase efficiency, the company announced Monday afternoon. The company is closing two plants immediately and a third later in the year, affecting about 5,000 workers, spokesman T.R. Reid told reporters ...