Hackett In, Fields Out
Jim Hackett is Ford’s newest CEO, replacing Mark Fields, as the company struggles to keep up with quick and innovative giants like Tesla in our ever changing digital world. Ford, the country’s second top automaker by sales, continues to underperform, but with Hackett on board they hope to address their tech weaknesses. Hackett will maintain Ford’s commitment to self-driving cars, and all eyes are on how President Trump’s promise to invest in the US will play out. Back in March, Trump tweeted he was excited that Ford agreed to ditch Mexico and invest in three Michigan plants. The move means more jobs in the US, but Ford’s new technological plans may mean more layoffs. The race for self-driving vehicles is on. (Source: New York Times)
Multi-Million Dollar Mistake
After accidentally miscalculating the company’s share in fares, Uber will issue refunds to two and a half year’s worth of underpaid drivers in New York City. Uber will restore approximately $900 to each of the affected driver’s accounts, and the snafu is expected to cost the company tens of millions of dollars. Luckily, Uber hasn’t found similar mistakes in any other regions of the country… yet. (Source: TechCrunch & Bloomberg Tech)
After Nokia’s lawsuit against Apple for patent infringement, both companies recently announced they have reached an agreement. Apple will resume selling Nokia’s Withings health products after halting sales nearly five months ago. Most details of the deal remain confidential, but both companies have stated they are moving forward and “exploring future collaboration in digital health initiatives.” Well, that’s one way to get a business partner. (Source: The Verge)
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