{"id":341571,"date":"2017-05-22T15:51:38","date_gmt":"2017-05-22T07:51:38","guid":{"rendered":"http:\/\/techcrunch.com\/?p=1493780"},"modified":"2017-05-22T15:51:38","modified_gmt":"2017-05-22T07:51:38","slug":"report-fords-ceo-will-be-replaced-with-the-head-of-its-autonomous-vehicle-subsidiary","status":"publish","type":"post","link":"https:\/\/people.utm.my\/asmawisham\/report-fords-ceo-will-be-replaced-with-the-head-of-its-autonomous-vehicle-subsidiary\/","title":{"rendered":"Report: Ford\u2019s CEO will be replaced with the head of its autonomous vehicle subsidiary"},"content":{"rendered":"

<\/p>\n

Ford Motors will replace CEO Mark Fields with the head\u00a0of its\u00a0subsidiary responsible for developing self-driving cars, reports the New York Times<\/a>.<\/p>\n

Ford is expected to announce the appointment of Jim Hackett, the chairman of Ford Smart Mobility, as its new CEO on Monday. Founded last year<\/a>, Ford Smart Mobility develops technology for connected and autonomous vehicles.<\/p>\n

During Ford\u2019s annual shareholder meeting earlier this month, Fields was blamed for the 40 percent drop in Ford\u2019s stock price<\/a> since he became CEO. Despite its investments in\u00a0self-driving cars, which also include $1 billion poured into a joint venture with Argo AI<\/a>, Ford has struggled to balance<\/a> the cost of creating new technology with declining auto sales.<\/p>\n

Ford\u00a0not only has to compete with\u00a0tech companies like Google, Waymo, and Tesla (whose market cap surpassed Ford\u2019s for the first time last month<\/a>), but fellow automaker General Motors, which may\u00a0deploy\u00a0what would be the largest fleet of self-driving cars in the world, according to documents\u00a0uncovered by IEEE Spectrum<\/a>.<\/p>\n

We\u2019ve contacted Ford for comment.<\/p>\n

Featured Image: Bill Pugliano<\/a>\/Getty Images<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

\"\" Ford Motors will replace CEO Mark Fields with the head of its subsidiary responsible for developing self-driving cars, reports the New York Times. Read More<\/a><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

\"\"\/ <\/p>\n","protected":false},"author":5817,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[25],"tags":[59,66,26],"class_list":["post-341571","post","type-post","status-publish","format-standard","hentry","category-technology","tag-media","tag-techcrunch","tag-technology"],"_links":{"self":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts\/341571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/users\/5817"}],"replies":[{"embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/comments?post=341571"}],"version-history":[{"count":0,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts\/341571\/revisions"}],"wp:attachment":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/media?parent=341571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/categories?post=341571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/tags?post=341571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}