Ford Motor Company has officially announced that current CEO Alan Mulally will be replaced by Mark Fields come July.
Ford earned $989 million in the first quarter, below analyst expectations.
Ford held celebrations in a number of locations, including Las Vegas, Melbourne, Beijing and at the company’s headquarters in Dearborn.
Ford is building a limited-edition Mustang GT to honor the pony car’s 50th anniversary. It is showing the Limited Edition at the New York auto show, which begins this week.
U.S. safety regulators have decided against seeking a recall of Ford F-150 pickup trucks after investigating complaints about reduced power in EcoBoost engines.
Ford is recalling nearly 435,000 cars and SUVs to fix rusting frame parts or faulty seats.
Ford will be taking part in The Engineering Society of Detroit’s Engineering and Technology Job Fair.
Chrysler sales jump 13 percent. Industry sales expected to rise around three percent.
Next month the automaker will display a 2015 Mustang on top of the Empire State Building. It harkens back to something they did in 1965 as the Mustang was launching.
Slow sales caused dealer inventories to rise in January and February, putting pressure on companies to clear their lots.