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It's Official: Ford Names Mark Fields Its Next CEO

Alan Mulally, the man who transformed Ford Motor Co. from a dysfunctional money-loser to a thriving company, will retire July 1 and be replaced by Mark Fields, the current chief operating officer. During his eight-year tenure at Ford, Mulally gambled all of the company's assets on a credit line that kept Ford out of bankruptcy, then used a simple "One Ford" plan to change the company's culture. He was hired away from aircraft maker Boeing Co. in 2006 by Bill Ford, who at the time was running the company. Fields, 53, has been in charge of Ford's daily operations since December of 2012 and was widely expected to one day ascend to the top job. The change in leadership is taking place about six months ahead of schedule, but Ford said that was based on Mulally's recommendation that the new leaders were ready. "Alan and I feel strongly that Mark and the entire leadership team are absolutely ready to lead Ford forward, and now is the time to begin the transition," Bill Ford said in a statement Thursday morning. Bill Ford, the company's executive chairman, is the great-grandson of company founder Henry Ford. Mulally, 68, was trained as an aeronautical engineer. He spent 36 years at Boeing - and was president of the company's commercial airplane division - when Bill Ford lured him to the struggling automaker eight years ago. Mulally overcame skepticism about being an outsider in the insular ranks of Detroit car guys by quickly pinpointing the reasons why Ford was losing billions each year. Mulally put a stop to the infighting that had paralyzed the company and instituted weekly management meetings where executives faced new levels of accountability and were encouraged to work together to solve problems. It took two years for Mulally to turn the company around, but since 2009, Ford has posted pretax profits of $34.5 billion and its shares have more than doubled. Fields was one of the executives passed over when Mulally got the top job in 2006. When he was named COO in 2012, Bill Ford said Fields' decision to stay at Ford and learn from Mulally showed a lot of fortitude and has made Fields a better leader. "There was a lot of speculation about whether he was capable. To his great credit, he stuck to it, he learned from it and showed tremendous fortitude in grinding through an incredibly difficult process," Bill Ford said. This marks the second change in leadership at the top of one of the Detroit automakers this year.

This Or That: Fiat 500 Abarth vs. Ford Fiesta ST [w/poll]

They're pretty darn similar. And yet our views are oh so different.
If you guys could read the transcripts of our editors' chat room, you'd know that we're a pretty argumentative bunch. It's always good-spirited stuff (well, usually), but when we're not obsessively covering this or that, we're usually fighting about one car being better than another. We're all enthusiasts here, and our automotive tastes run the gamut from the weird and unusual to the decidedly mainstream - we all feel strongly about specific cars in a given segment. While it usually makes for good conversation, if we're passionate enough, it can turn into a tomato-throwing showdown.

Ford EV Chief: 150 kW fast charging could be the norm

Ford's electrified-vehicle sales aren't exactly at the top of the charts this year, but that hasn't stopped Mike Tinskey, the automaker's global director of electrification and infrastructure, from being rather enthusiastic about advancements in various forms of more environmentally sustainable mobility. Tinskey, in an interview with The Verge, spoke of a world with really fast plug-in vehicle chargers. And of vehicles that can be re-parked using a remote driver. How fun. Tinskey, who touts SAE/combo fast-charging charging specification as the most likely to take the global leadership position, said a 150-kilowatt charger could be on the market "very soon." That'd mean an electric vehicle could be 80-percent recharged in just 20 minutes. Today's quickest units, the Tesla Supercharger, can crank out up to 120 kW. Some companies are touting 100-kW charging times, despite the lack of compatible chargers. Tinskey also spoke about Ford studies of a so-called "Remote Repositioning" feature, which would allow cars to be re-parked at night using a remote driver over a cellular network as spaces empty up, cutting down traffic, needless driving and pollution as a result. We're sure ready for such a thing. Through the first quarter of this year, sales of Ford's hybrids, plug-in hybrids and electric vehicles are down 28 percent from a year earlier to about 15,000 units. Sounds like those improvements Tinskey speaks of can't come soon enough. Featured Gallery 2012 Ford Focus Electric: Quick Spin View 18 Photos News Source: The Verge Green Ford