May 23, 2017

New Ford CEO: "we've got a huge opportunity"

Paul Sancya / AP

Jim Hackett, who yesterday was named Ford Motor Company president and CEO, told me in a phone interview that he hopes to transform the carmaker in part through a ferocious focus on competitive technologies like self-driving cars, where Detroit has been losing to Silicon Valley.

  • Hackett: "All-emergent technologies go through a lot of phases, and so we've got a huge opportunity there and are very optimistic about it. It would be wrong for anybody to believe that there's a leader that's got a guarantee there."
  • Hackett said he also plans a shift in culture, with more of a focus on "servant leadership": "We care about our people. We care about what they're going through more than we do ourselves, and you really have to live that."
  • Why he was picked: A key reason for the choice of Hackett, who succeeds the retiring Mark Fields, is that he was the first head of Ford's Smart Mobility subsidiary, which is designed to compete like a startup.
  • A book he recommends: "Creative Confidence," by Tom and David Kelley.

Executive Chairman Bill Ford, Hackett's boss, told me in the same interview that with "all the competitors that are coming into our space," quicker decision making is one of the biggest changes he wants for the mammoth company: "The clock speed just keeps getting faster and faster."

Go deeper

World coronavirus updates: Governments tighten restrictions to curb cases surge

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens and confirmed plus presumptive cases from the CDC

Japan's Prime Minister Shinzo Abe announced plans to declare a state of emergency and a 108 trillion yen ($990 billion) stimulus package Tuesday, as several governments announced new restrictions amid a jump in cases.

The big picture: The virus is confirmed to have killed almost 75,000 people and infected 1.3 million globally as of early Tuesday, per Johns Hopkins data. Spain has reported the most cases outside the U.S. (more than 136,000) and Italy the most deaths (over 16,000) as half the planet's population is now on lockdown.

Go deeperArrowUpdated 32 mins ago - Health

Boris Johnson in intensive care as coronavirus symptoms worsen

Photo: Peter Summers/Getty Images

U.K. Prime Minister Boris Johnson is being treated in the intensive care unit of St. Thomas' Hospital in London due to increasingly severe coronavirus symptoms.

What they're saying: Cabinet minister Michael Gove told LBC radio on Tuesday morning Johnson was not on a ventilator. "The prime minister has received some oxygen support and he is kept under, of course, close supervision," he said.

Go deeperArrowUpdated 1 hour ago - World

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 3 a.m. ET: 1,348,184— Total deaths: 74,834 — Total recoveries: 284,802Map.
  2. U.S.: Total confirmed cases as of 3 a.m. ET: 368,376 — Total deaths: 10,989 — Total recoveries: 19,828Map.
  3. Trump administration latest: President Trump's economic adviser Peter Navarro warned White House colleagues in late January the coronavirus could take over half a million American lives and cost close to $6 trillion, memos obtained by Axios show.
  4. 2020 update: Wisconsin Supreme Court blocks governor's attempt to delay in-person primary voting delayed until June.
  5. States latest: West Coast states send ventilators to New York and other states with more immediate need — Data suggest coronavirus curve may be flattening in New York, Gov. Andrew Cuomo said.
  6. World update: U.K. Prime Minister Boris Johnson moved to intensive care as coronavirus symptoms worsen.
  7. Stocks latest: The S&P 500 closed up 7% on Monday, while the Dow rose more than 1,500 points.
  8. What should I do? Pets, moving and personal health. Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  9. Other resources: CDC on how to avoid the virus, what to do if you get it.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.