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Ford CEO James Hackett. Photo: Bill Pugliano/Getty Images

Ford CEO James Hackett is splitting responsibilities for fixing the core business and preparing for an uncertain future between his 2 top deputies.

Why it matters: The management changes come as Hackett, nearly 2 years into his job as CEO, is still struggling to get his footing in a fast-changing industry. On Tuesday, Hackett tamped down expectations about self-driving cars in a speech to Detroit-area business leaders.

What's new: Ford named Joe Hinrichs president, Automotive, and Jim Farley president, New Businesses, Technology & Strategy.

  • Hinrichs, a manufacturing expert, will guide product development, automotive manufacturing and global operations.
  • Farley, a marketing guru, will lead Ford's future direction, including mobility as a service and driverless vehicles. 
  • Marcy Klevorn, Ford's top-ranking woman, will retire in October, the company said. Until then, she will serve as "chief transformation officer," reporting to Hackett.

Go deeper

Ben Geman, author of Generate
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The beginning of the beginning for Biden's climate push

Illustration: Annelise Capossela/Axios

Joe Biden's inauguration and the days right after will bring a rat-tat-tat burst of climate policy moves, but keep this in mind amid the splashy pledges: pushing through most of his agenda will be a long, uncertain slog.

Why it matters: Biden's climate plan is far more expansive than anything contemplated under President Obama. But for all the immediate pledges, it will take years to see how far Biden gets.

Dion Rabouin, author of Markets
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Biden's inflation danger

Illustration: Sarah Grillo/Axios

President-elect Joe Biden's $1.9 trillion stimulus proposal has economists and bullish market analysts revising their U.S. growth expectations higher, predicting a reflation of the economy in 2021 and possibly more booming returns for risk assets.

Yes, but: Others are warning that what's expected to be reflation could actually show up as inflation, a much less welcome phenomenon.

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4 hours ago - Technology

CES was largely irrelevant this year

Illustration: Sarah Grillo/Axios

Forced online by the pandemic and overshadowed by the attack on the Capitol, the 2021 edition of CES was mostly an afterthought as media's attention focused elsewhere.

Why it matters: The consumer electronics trade show is the cornerstone event for the Consumer Technology Association and Las Vegas has been the traditional early-January gathering place for the tech industry.