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Ford Motor Co.'s new leader wants to shift investment into trucks and electrified vehicles and reduce costs and investment in sedans and internal combustion engines, Chief Executive Officer Jim Hackett said Tuesday.

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Ford Replaces CEO Fields With Mobility Head Hackett

Ford has replaced CEO Mark Fields with Jim Hackett, who has led its mobility business unit for the past year. Ford views Hackett as a "transformational business leader" as it seeks to boost profit amid investor pressure.

VW to Unveil Strategic Plan in January

Volkswagen AG will discuss its blueprint to realign the company and emerge from the diesel-engine crisis, when it presents a 10-year strategic plan to the public in January, the company has announced.

VW Names CEO, Restructures North American Unit

Volkswagen has appointed Matthias Muller, the chairman of Porsche AG, as its new chief executive to replace the departed Martin Winterkorn, and will restructure its North American operations in the wake of a scandal over diesel emissions.

VW Dealers Support Imperiled North America CEO

Volkswagen's dealers have thrown their support behind Michael Horn, the North American chief executive who has reportedly been fired amid a deepening scandal over the manipulation of diesel engine technology.

Volkswagen to Name Porsche CEO to Top Post

Volkswagen is set to appoint Matthias Muller, the chief executive of Porsche, as its new leader amid a widening scandal over its gaming of emissions testing affecting 11 million of its diesel vehicles.

VW CEO Resigns Amid Diesel Scandal

Volkswagen AG has accepted the resignation of Martin Winterkorn, its chief executive, who released a statement saying he was shocked and stunned by the revelation that the company's diesel vehicles included software to evade emissions standards.

Element Names Webb President of Fleet Management Unit

Element Financial Corp. has tapped the leader of the recently acquired GE Capital fleet unit as president and chief executive for its U.S. fleet management company and will shift the existing president to its Toronto-based operation.

Black Book Hires CTO, SVP

Black Book has announced the hire of Laird Popkin as its chief technology officer and senior vice president.