Detroit Bureau on Twitter

Posts Tagged ‘Ford China plans’

Ford’s Future Relies on Its Manufacturing Prowess

Technology is going to lead, but old school rules will ensure success.

by Joseph Szczesny on Feb.08, 2019

Joe Hinrichs, Ford president of Global Operations, meets with the media after the announcement that Ford would pump $1B into the Chicago plant.

As the auto industry stands on the cusp of a huge upheaval, Ford Motor Co. is pursuing a strategy that not only looks to new technology, but also relies on the deft use of the manufacturing skills that were instrumental in the company’s rise more than a century ago.

Joe Hinrichs, Ford president, Global Operations, said the billion-dollar investment the company is making in its manufacturing operations in Chicago, where the company has some 6,000 blue-collar workers and plans to add 500 more in the few months, will depend utilize both the latest automation but also the human touch.

The Last Word!

“We’re going to have a new, highly-automated paint shop and body shop,” said Hinrichs talking about Ford’s future plans with reporters at the Chicago Auto Show. But Ford is also depending on the skill of its employees to build the new Ford Explorer and Lincoln Aviator.as well as specialty vehicles such as the police interceptor that is based on the Explorer.   (more…)

CEO Hackett Calls Ford’s Restructuring “More of a Redesign”

Automaker plan to trim $11 billion from operating costs.

by Joseph Szczesny on Oct.25, 2018

Jim Hackett, president and chief executive officer, Ford Motor Co., suggested the automaker wasn't going through a restructuring, but instead a redesign.

Ford Motor Co. executives during a conference with analysts promised more details of the company’s restructuring plan, but Ford CEO Jim Hackett also said it will not have the same kind of thrust as traditional restructuring with firing and plant closings.

“It’s not a restructuring plan, it’s a redesign plan,” Hackett told analysts. “First, we have to identify the areas that need to be fixed then we have figure out how to fix them and then execute,” he added. Ford officials said last year that they expected to trim $11 billion from the company’s operating cost, though they offered few specifics, irritating analysts, who wanted more details.

Subscribe Now!

“I think some elements wouldn’t take the full five years,” he said. Some are going to take longer,” he said.   (more…)