Canada Signals Delay in US Tariff Deal as Talks Shift to USMCA Review 
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls 
Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround 
Elon Musk Wins Reinstatement of Historic Tesla Pay Package After Delaware Supreme Court Ruling 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role 
FDA Fast-Tracks Approval of Altria’s on! PLUS Nicotine Pouches Under New Pilot Program 
Boeing Seeks FAA Emissions Waiver to Continue 777F Freighter Sales Amid Strong Cargo Demand 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
7-Eleven CEO Joe DePinto to Retire After Two Decades at the Helm 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
Maersk Vessel Successfully Transits Red Sea After Nearly Two Years Amid Ongoing Security Concerns 
Ford Motor Company announced late last week that it would make big changes in its management through a major executive shuffle. The automaker said this move is being made to further bolster the product development of its vehicles and supply chain units.
As per Reuters, Ford Motor’s chief financial officer is set to take on additional responsibilities in the company in the meantime. John Lawler will start managing the revamp of its global supply chain operations, and he will continue to do so until they find a new supply chain chief.
The Dearborn, Michigan-based automobile manufacturer is currently undergoing a brisk transformation as it is working to shift its focus on electric vehicles. As countries are slowly eliminating gasoline-powered vehicles, automakers, including General Motors and Ford, have promised big investments to comply by updating their businesses while also modifying their strategies to make sure they can keep up with the fast-emerging market.
Moreover, Ford previously said it is separating its electric vehicles and internal-combustion engine model units, and these would be operated as two different entities. This will boost the company’s EV business, and to ramp up the efforts for the development of EVs, Ford Motor assigned Doug Field as its chief technology officer and head of advanced product development.
His role has been expanded and will include other tasks such as overseeing Ford Motor’s EV products, advanced driver assistance, software and digital systems development. Field has worked as former chief of Apple Inc.’s electric car project.
In addition to Field, Lisa Drake was also named the new vice president of EV industrialization. She will be responsible for manufacturing engineering as the company aims to produce two million EVs annually by the end of 2026. Ford Motor also assigned Chuck Gray as vice president of vehicle hardware engineering, He was the VP of EV technology before his new assignment.
“As we enter an intense period of execution for Ford Model e and our $50 billion investment in breakthrough electric and digital vehicles, Doug, Lisa and Chuck are taking on larger roles and building out very capable teams,” Ford Motor’s chief executive officer, Jim Farley, said in a press release regarding the shuffle.
He added, “Developing and scaling the next generation of electric and software-defined vehicles requires a different focus and mix of talent from the accomplished Ford team and many exciting new colleagues joining our company.”
