Ford CEO Jim Farley has been named the MotorTrend Person of the Year for 2022. Farley has been a driving force behind Ford's resurgence in the automotive market, with the company posting record profits in both 2021 and 2022.
Farley's leadership has been critical in Ford's success, as he has pushed for innovation and change within the company. Under his guidance, Ford has developed several new and innovative products, including electric and self-driving cars.
Farley's work has not gone unnoticed, with many in the automotive industry praising his efforts. In a statement, MotorTrend magazine said, "Jim Farley is the perfect choice for MotorTrend Person of the Year. He is a leader who is not afraid to challenge the status quo, and his work has had a real impact on the automotive industry."
Is Ford on its way up?
Jim Farley took over as Ford CEO in 2020. He succeeded Jim Hackett. Farley, a veteran of the automaker, had served as Ford's president of global markets since 2017.
Under Farley's leadership, Ford plans to focus on profitability and innovation, particularly in the electric and autonomous vehicle segments. The company also plans to reduce its costs by $14 billion by 2022.
Farley has been with Ford for over 30 years and has experience in various roles, including marketing, sales, and product development. He is seen as a strong leader who can help Ford navigate the challenges of the automotive industry in the coming years.
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