This undated photo provided by Ford Motor Co. shows Jim Hackett, chairman of Ford Smart Mobility LLC, a subsidiary of Ford Motor Co. He was named to the position March 10, 2016. Ford is replacing its CEO amid questions about its current performance and future strategy, a person familiar with the situation has said. Mark Fields will be replaced by Hackett, who joined Ford’s board in 2013. (Ford Motor Co. via AP)
Jim Hackett, Ford's new CEO (Ford Motor Co. via AP)

Ford shifts gears, taps ‘visionary’ CEO

DEARBORN, Michigan — The job of Ford’s new CEO won’t be easy: He will have to shore up the 114-year-old company’s traditional auto business but also invest in self-driving cars and other projects that could one day make that business obsolete. Ford thinks Jim Hackett is up to the task. The 62-year-old former chief executive...

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Sony chief promises profitability, but is short on specifics

TOKYO (AP) — Sony's leader promised a comeback for the Japanese electronics and entertainment company having its best profitability in two decades. "We are a company that moves people," said Chief Executive Kazuo Hirai, as he outlined the strategy for the company at its Tokyo headquarters Tuesday. But he said he cannot give away details...  VIEW