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Posts Tagged ‘William Clay Ford Jr.’

Mulally’s Departure the Worst-Kept Secret in Detroit

Bill Ford offers praise for CEOs old and new.

by on May.01, 2014

Despite an outside search, few expected Ford to turn to anyone but Mark Fields as its next CEO.

It was, arguably, the worst-kept secret in Detroit, but even when Ford issued an early morning news alert, an advisory to attend a session at its suburban headquarters, it wasn’t ready to confirm what almost everyone already knew: CEO Alan Mulally would be retiring, his replacement to be current Ford COO Mark Fields.

That isn’t to say there weren’t a few unknowns that had Detroit’s automotive news corps racing to “Glass House,” as the Ford office tower is known. For one thing, when would the transition take place – and would it result in a shake-up among the rest of Ford’s management team.

In the Know!

In fact, Mulally acknowledged he would be leaving earlier than he had signaled previously, July 1, rather than waiting for the end of the year. But the 53-year-old Fields was getting the job he seemed destined for after being named chief operating officer in late 2012.

“I know this isn’t exactly a well kept secret,” said Ford Chairman Bill Ford Jr., who said he was  pleased that the company could move forward with  a smooth leadership transition.


William Clay Ford, Ford Director Emeritus, Dies at 88

Owner of Detroit Lions was the last surviving grandchild of Henry Ford.

by on Mar.09, 2014

William Clay Ford, the last surviving grandson of Henry Ford, died today at age 88.

William Clay Ford, the last surviving grandchild of Ford Motor Co. founder Henry Ford, died this morning. Ford, who was Director Emeritus of the company, was 88 years old.

“My father was a great business leader and humanitarian who dedicated his life to the company and the community,” said William Clay Ford, Jr., executive chairman, Ford Motor Co. “He also was a wonderful family man, a loving husband, father, grandfather and great-grandfather. He will be greatly missed by everyone who knew him, yet he will continue to inspire us all.”

The Leader in Global Automotive News

Ford served in a variety of capacities during his 57-year career at the Dearborn, Mich.-based automaker. He was named to the company’s board in 1948 and began working at the automaker after graduating from Yale in 1949. (more…)

Magna’s Opel Status Creates Problems for Rivals

VW squawks. Ford talks.

by on Sep.11, 2009

“When deals get done these sorts of things happen."

“When deals get done these sorts of things happen," Bill Ford told reporters.

While executives from Volkswagen AG have denounced the deal that proposes turning over Opel/Vauxhall to Magna International Inc. and its Russian banking partner, Ford Chairman William Clay Ford Jr. said that he and his company could live with the deal.

Meanwhile, VW executives have suggested that they may well have re-evaluate using Magna as a supplier if its bid for Opel/Vauxhall succeeds, which seems increasingly likely. VW’s concerns aren’t surprising. The deal, financed by the German government to save jobs, could elevate Opel’s game and turn it into a stronger, more serious competitor for VW in Central and Eastern Europe.

“The German on German rhetorical violence has really been something to see. It’s really escalated,” noted one observer familiar with the Europe automotive market.

Parts and Cars!

Parts and Cars!

The acquisition of Opel/Vauxhall will make Magna a direct competitor of Ford Motor, particularly in Europe and Russia, as well as a supplier to Ford. However, William Clay Ford Jr., said Magna’s acquisition from General Motors Company of a controlling interest of the European carmaker Opel/Vauxhall would not stop Ford from doing business with the big Canadian company.