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Ford names Jim Farley as new CEO, Jim Hackett to retire

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Ford Motor CEO Jim Hackett is retiring, leaving the company three years after being tapped to transform the automaker into a leaner, more competitive and profitable company while investing in technology and shifting towards electrification, automation and connectivity.

Jim Farley, who many believed was being groomed for the position, has been named president and CEO. Farley joined Ford in 2007 as global head of marketing and sales. He moved through the ranks of the company until 2019 when he was picked to lead Ford’s new businesses, technology and strategy team. He was named COO in February, a decision that along with the sudden retirement of Ford’s president of automotive, Joe Hinrichs, seemed to seal Farley’s path to CEO.

The change to leadership and Hackett’s exit will become effective October 1. Hackett will continue as a special advisor to Ford through March 2021.

“My goal when I took on the CEO role was to prepare Ford to win in the future,” Hackett said. “The hardest thing for a proud, long-lived company to do is change to meet the challenges of the world it’s entering rather than the world it has known. I’m very proud of how far we have come in creating a modern Ford and I am very optimistic about the future.”

Hackett’s turnaround plan was aimed at modernizing the company while making it “fitter,” a term he used back in 2017 several months after being named CEO. That plan included $14 billion in cost reductions over five years, a target that Ford said it could reach by increasing the use of common parts across its portfolio, building fewer prototypes and reducing the number of possible option combinations customers could order.

Ford also planned to shift its focus to its money makers — aka the trucks and SUVs that provided the heftiest gross margins. Three years ago, the company said it would take $7 billion away from cars and put it to work in those profit centers, vehicles like the Ford F-150, Ranger and the all-new Bronco. Ford has since announced plans to stop selling cars in North America — with the exception of the Mustang — in its shift to trucks and SUVs. The automaker has already stopped producing the Ford Taurus, Fiesta and C Max.

It also included a directive to put more money into electric vehicles, make connectivity a priority and modernize Ford’s factories by adding robotics, 3D printing and virtual reality tools to speed up the design, development, and production of its vehicles.

Hackett accomplished many of those goals, but fell short in others, particularly around the day-to-day toil of making and shipping vehicles. Despite the launch of the all-electric Mustang Mach-E, a redesigned Ford F-150 and new Bronco series, Ford’s share price languished. The company has been hamstrung by the COVID-19 pandemic, which has disrupted its plans to streamline operations overseas and caused it to shut down factories in North America in the second quarter.

Meanwhile, the company has seen warranty costs balloon due to some quality problems with its vehicles. Not every vehicle launch went smoothly either. For instance, the rollout of the redesigned Ford Explorer was blundered and set the company back.

Still, Ford Executive Chairman Bill Ford, in a statement Tuesday, credited Hackett for his leadership.

“I am very grateful to Jim Hackett for all he has done to modernize Ford and prepare us to compete and win in the future,” said Ford. “Our new product vision — led by the Mustang Mach-E, new F-150 and Bronco family — is taking shape. We now have compelling plans for electric and autonomous vehicles, as well as full vehicle connectivity. And we are becoming much more nimble, which was apparent when we quickly mobilized to make life-saving equipment at the outset of the pandemic.”

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Charge Your Phone Wirelessly With 50% off a Multifunctional LED Lamp

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Best Tech DealsBest Tech DealsThe best tech deals from around the web, updated daily.

White Wireless Charge Lamp | $18 | Amazon | Clip coupon + code ABC88699
Black Wireless Charger Lamp | $20 | Amazon | Promo code ABC88699

When you’re ready to turn in for the night, you don’t want to forget to charge your phone— especially if your mobile device doubles as your alarm clock.

With this wireless charger lamp, you can make this crucial step of your nightly routine even easier by just setting your phone on the wireless charging pad and… well, that’s all there is to it!

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Other functions include multiple lighting modes as well as a sleep timer option for auto shut-off of the light after 30 or 60 minutes.

This lamp can be yours in white for $18 if you clip the coupon on Amazon (it’s below the original $40 price) and add promo code ABC88699 at checkout.

You can snag the black version for $20 using the same code—no coupon though, sorry.

Don’t sleep on this deal! Who knows how long stock or the coupon code will last?

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Keep That Hotdish Hot With 65% Off a Luncia Casserole Carrier, Only $11 With Promo Code

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Best Home DealsBest Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.

Luncia Double-Decker Dish Carrier | $11 | Amazon | Promo code SDDU9S7F

It has been a long time since the days we could safely have a potluck or other gatherings, but we have a fantastic deal perfect for once those times return. These double-decker Luncia dish carriers can be had for 65% off when you add promo code SDDU9S7F at checkout and clip the coupon on the site (it’s just below the price). These holders fit 9″x 13″ sized baking dishes.

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That means you can insulate and keep two dishes of food warm for only $11 instead of $30. What’s more, your Luncia carrier will arrive by Christmas if you order today as a Prime member.

Just add promo code SDDU9S7F and clip the 5% off coupon to bring the price down to $11 for the blue or the grey option.

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Grab this offer while it’s still around!


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Conquer Your Pup’s Dander and Fur With $700 Off a Cobalt or Charcoal Bobsweep PetHair Plus Robot Vacuum

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Best Home DealsBest Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.

Bobsweep PetHair Plus Robot Vacuum & Mop (Cobalt) | $200 | Best Buy

Bobsweep PetHair Plus Robot Vacuum & Mop (Charcoal) | $200 | Best Buy

Allergies can be bad enough as the seasons change. Don’t let pet hair and dander add to that by vacuuming it up early and often. That chore is easier said than done— unless you have a robot vacuum to do the work for you. This lovely bright cobalt Bobsweep PetHair Plus robot vacuum and mop, only $200 today at Best Buy seems like an ideal option. That’s a whopping $700 off, by the way.

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You can get the same deal for the charcoal version of the robot vac, too. This model is not only specially made for picking up pet hair, it self docks and charges when it’s finished with the work.

It also comes with a mop attachment, so it can take care of those kitchen floors for you as well. Grab it while it’s still available for this fantastic price!

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