Ford President Quits After Reporting Embarrassing $1.7 Billion LossJust days after Ford reported a $1.7 billion operating loss during the fourth quarter, released 2020 guidance that failed to impress, and prompted a nearly double-digit drop in its shares in after-hours trade, the Detroit carmaker has announced a major executive shakeup on Friday.
WSJ reports that Ford President Joe Hinrichs is "retiring", an ouster likely tied to the company's poor performance, now that its shares are trading at less than $9 while Tesla trades at an almost unbelievable multiple.
**How's that e- Mustang working out...
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