|Day's range||10.87 - 11.06|
|52-week range||10.67 - 14.04|
|PE ratio (TTM)||11.67|
|Earnings date||26 Jul. 2017|
|Dividend & yield||0.60 (5.41%)|
|1y target est||12.90|
Ford's decision to oust its CEO is the latest sign of how Silicon Valley technology firms are shaking the foundation of the American auto industry. The removal of Mark Fields after just three years at the helm -- and his replacement by an auto industry outsider -- followed a precipitous decline in Ford shares, amid concerns the 114-year-old US giant isn't on top of the challenges facing the industry, especially new technology. For example, Ford won't introduce an autonomous vehicle until 2021, later than some rivals.
Ford Motor Company shook up its top management Monday, ousting its CEO amid declining sales in major markets, pressure to ramp up technology and a flagging share price. The company named Jim Hackett, who launched and led the high-tech division developing Ford's self-driving cars, to replace Mark Fields as president and CEO. It also named three new executive vice presidents to oversee global markets, global operations and mobility as part of the shakeup.
Ford Motor Company on Monday shook up its top management, replacing Mark Fields as president and CEO with Jim Hackett amid declining sales in the US and Chinese markets. Three new executive vice presidents were named to oversee global markets, global operations and mobility as part of the shakeup.