The 114-year-old automaker said Mr Fields is retiring at age 56 after 28 years at the company. Under Mr Fields, Ford achieved a record pretax profit of $10.8 billion in 2015 as SUV and truck sales soared in the US. Mr Hackett also served as the interim athletic director at the University of Michigan from 2014 to 2016. "The way that that gets fixed is the nature of the innovation and the ideas making their way into the market,'' Mr Hackett said. Marcy Klevorn, Ford's chief technical officer, will replace Mr Hackett as the head of Ford Smart Mobility, Ford's future mobility unit.

Source: Bangkok Post May 22, 2017 13:30 UTC