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It's Official: Ford Names Mark Fields Its Next CEO

Alan Mulally, the man who transformed Ford Motor Co. from a dysfunctional money-loser to a thriving company, will retire July 1 and be replaced by Mark Fields, the current chief operating officer. During his eight-year tenure at Ford, Mulally gambled all of the company's assets on a credit line that kept Ford out of bankruptcy, then used a simple "One Ford" plan to change the company's culture. He was hired away from aircraft maker Boeing Co. in 2006 by Bill Ford, who at the time was running the company. Fields, 53, has been in charge of Ford's daily operations since December of 2012 and was widely expected to one day ascend to the top job. The change in leadership is taking place about six months ahead of schedule, but Ford said that was based on Mulally's recommendation that the new leaders were ready. "Alan and I feel strongly that Mark and the entire leadership team are absolutely ready to lead Ford forward, and now is the time to begin the transition," Bill Ford said in a statement Thursday morning. Bill Ford, the company's executive chairman, is the great-grandson of company founder Henry Ford. Mulally, 68, was trained as an aeronautical engineer. He spent 36 years at Boeing - and was president of the company's commercial airplane division - when Bill Ford lured him to the struggling automaker eight years ago. Mulally overcame skepticism about being an outsider in the insular ranks of Detroit car guys by quickly pinpointing the reasons why Ford was losing billions each year. Mulally put a stop to the infighting that had paralyzed the company and instituted weekly management meetings where executives faced new levels of accountability and were encouraged to work together to solve problems. It took two years for Mulally to turn the company around, but since 2009, Ford has posted pretax profits of $34.5 billion and its shares have more than doubled. Fields was one of the executives passed over when Mulally got the top job in 2006. When he was named COO in 2012, Bill Ford said Fields' decision to stay at Ford and learn from Mulally showed a lot of fortitude and has made Fields a better leader. "There was a lot of speculation about whether he was capable. To his great credit, he stuck to it, he learned from it and showed tremendous fortitude in grinding through an incredibly difficult process," Bill Ford said. This marks the second change in leadership at the top of one of the Detroit automakers this year.

This is the 2016 Ford Explorer Platinum, full of Nirvana

We knew two the most important things about the Platinum trim on the Ford Explorer when the configurator arrived online at the end of last year: it starts at $52,600 and comes standard with just about everything. In advance of the Explorer Platinum arriving at dealerships in September, Ford's dropped details on the superluxe crossover and what its chief designer calls "the most upscale, high-quality interior we've ever offered on a Ford vehicle in North America." So-called Nirvana leather goes everywhere, on the micro-perforated front seats, the rear seats, the instrument panel, armrests, door bolsters, and upper door trim. It looks like it can be had in two colors, either Soft Ceramic or Ebony, with a headliner colored Anthracite that goes with a matching, fabric-wrapped A-pillar. Elsewhere, there's genuine aluminum and ash wood, a stitched-leather-and-wood steering wheel with a brushed aluminum Ford logo, and a gauge cluster with a 10-inch digital display flanked by analog dials. View 16 Photos Another first is the 500-watt Sony stereo, the first time that brand has incorporated its premium home audio technology into a vehicle. Twelve speakers in ten locations are said to be able to recreate the sound from several concert halls around the world, and to stage instruments and voices around the cabin the same way you'd hear them at home. The Explorer Platinum is less ostentatious outside, with LED headlights, silver skidplates front and back, and special 20-inch wheels denoting the Platinum from other trims. The 365-horsepower, 3.5-liter EcoBoost V6 is standard, along with Terrain Management, active park assist that works for both perpendicular and parallel spots, lane keeping assistance, and rain-sensing wipers. The two press releases below go over all the goodies.

Car and Driver lists 10Best for 2013, same as it ever was

Forgive us for having the distinct feeling of déjà vu, but it certainly feels like we've been here before. By that we are referring Car and Driver and the announcement of its annual 10Best vehicles for 2013. To be sure, it's an impressive selection of cars that combine heart-pounding performance and frugal sensibilities, but it also represents something of a broken record on the part of C/D. We're not so sure that's a flaw, though, as the resulting list is tough to argue with.
Vehicles like the Ford Mustang, Porsche Boxster, and BMW 3 Series have maintained their high-horsepower spots on this list for several years now. Even on the more practical and nimble end, the Honda Accord, Honda Fit and Mazda Miata have not budged. These continued spots are even in light of redesigns for some vehicles such as the Accord, Boxster and 3 Series.
In fact, the only newcomer to the 10Best list this year are the Scion FR-S/Subaru BRZ twins, which knocked out the Cadillac CTS-V. We think it would have been a huge misstep to have excluded the FR-S/BRZ, even in light of the supercharged Caddy's lamentable departure from 10Best.