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Fields will focus on expanding the $73-billion firm's industrials practice.
New businesses must be superior to the old, because they're new.
Ford is a family business, and the family needs the stock to perform well during market surges. That didn't happen under Fields, and so a change had to come.
The Tesla story, the Uber story, the Apple car story, the Google Car story — these narratives don't yet have endings.
Talking about Ford in terms of "core" and "emerging" businesses is an idea that has passed.
Ford claims its new CEO has deep ties to Silicon Valley — but the company still has a big self-driving-car problem
Ford has named Jim Hackett as its new CEO. He replaced Mark Fields to help Ford compete when it comes to smart mobility, electric cars, and self-driving tech.
Morgan Stanley analyst Adam Jonas thinks Ford's languishing stock price could get worse before it gets better.
The former Ford CEO said he was thinking about the future, and taking into account workers, suppliers, and the environment. Wall Street wanted to be a priority.
Shares didn't rise much on the news.
The carmaker will remain unified as the "Blue Oval."