KQED Nightly Business Report May 23, 2017
Out with a shakeup at an iconic american company, the ceo of ford is out. Mark fields is replaced by a former Office Furniture executive known for his ability to turn companies around. As weve been reporting, pressure was mounting at the automaker to reverse the floundering stock price and to better compete against General Motors and tesla in developing the next generation of electric and selfdriving cars. The news sent shares of ford accelerating, rising more than 2 in trading today. Phil lebeau has more on the change and future of ford. With ford shares hanging close to a fiveyear low, bill ...