Heena Sharma Blog

Ford Motor is considering making its new electric Mustang Mach-E in China, depending on how the trade war between Washington and Beijing plays out, CEO Jim Hackett said. “ We need to determine whether the tariffs are settled. And it would be great” if they were settled, Hackett told Bloomberg after a launch event for the car in Los Angeles. “We have a plan to build there if we have to.” In an earlier interview with Bloomberg TV, Hackett said he believed there would be good demand for the car in China. “I’m smiling because China has got a mandate for electrification, so the Mach-E has a role in that,” he said. While Ford is building the Mach-E in Mexico, Hackett said the company employs more workers in the US than its competitors. Read More

Iacocca arguably ushered in the era of the celebrity auto executive, with others such as Sergio Marchionne, Elon Musk and Carlos Ghosn following in his footsteps. Lee Iacocca , the U.S. auto official and TV pitchman whose vibe for buyers’ changing tastes helped produce the Ford Mustang and the Chrysler minivan and made him one of the first celebrity CEOs, has died.. He was 94. His death was caused by complications from Parkinson’s disease, the Washington Post said, citing his daughter Lia Iacocca Assad. Born Lido Anthony Iacocca in Allentown, Pennsylvania, on October 15, 1924, to Italian immigrant parents, he would go on to lead two major American car companies. After being fired in a dispute with company heir Henry Ford II, Iacocca joined the then-struggling Chrysler. Using both his business skills and ability to turn a phrase, he won federal loan guarantees that helped the automaker avoid a potential 1980 bankruptcy. In the 1970s and ’80s, with Detroit still