Ford botches Explorer launch, putting CEO back on hot seat

Ford Motor Co.’s Jim Hackett and Wall Street analysts started this year frustrated with one another. Sure, the automaker had been underperforming, but the chief executive appealed for time to show he was fixing things. He assured them the redesigned Explorer SUV rolling out months later would be a proof point. But rather than help the earnings results Ford delivers this week, the Explorer will be a hindrance. Sales have plunged as a plant plagued by personnel problems has struggled to get the new sport utility vehicle out the door. Thousands have been shipped 270 miles away to another Ford factory for rework. The botched Explorer launch puts Hackett back in the position he was early this year—testing the patience of investors. A downbeat assessment of how long it will take to turn the automaker around already cost the company an investment-grade credit rating. By pointing to the SUV as one of the first products he influenced, the CEO staked his reputation on it. "From a design, styling and content standpoint, it hit the marks,” Jeff Schuster, a forecasting analyst for LMC Automotive, said of the Explorer. “But if you can’t get out of the gate, that certainly is going to put some question marks not only on his credibility, but from a consumer standpoint, on the vehicle itself.” The transformation of Ford’s Chicago assembly plant was one of the most complex in the company’s history, a spokeswoman said. The company is shipping the new Explorer— the all-time best-selling... Continue reading at 'Advertising Age'

[ Advertising Age | 2019-10-21 21:58:49 UTC ]
News tagged with: #hostile environment #general motors #settle claims #troubled past

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Arm CEO: Apple ‘woke up the industry on the art of the possible’

As Qualcomm-powered Windows on Arm PCs begin appearing here at Computex, ushering in a generation of AI-infused Copilot+ laptops, it seemed appropriate to interview a major player in the push. No, not Qualcomm. (We’ve already spoken to them.) Instead, I mean Arm, the semiconductor... Continue reading at PC World

[ PC World | 2024-06-03 18:35:42 UTC ]
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Brutalist Plants: this pocket picture book is perfectly formed, but puts style over substance

Fashions in architecture are, more or less, generational. So, the reappraisal of brutalism – a once-reviled style of architecture – is now virtually complete Continue reading at The Conversation

[ The Conversation | 2024-06-03 15:33:22 UTC ]
More news stories like this | All news stories tagged with: #picture book


Anime NYC, Japan Society to Launch American Manga Awards

Set to take place at the Japan Society on August 22, the eve of this year’s Anime NYC convention, the awards will celebrate the outstanding achievements of professionals in the world of Japanese comics. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-06-03 04:00:00 UTC ]
More news stories like this | All news stories tagged with: #manga #japanese comics #japan society #anime nyc


Reese’s YA Book Club is Back

See the new pick, find your summer reading mood, get the deets on James Patterson's latest literary eruption, and more. Continue reading at Book Riot

[ Book Riot | 2024-05-29 18:13:29 UTC ]
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Reese’s YA Book Club Is Back

Reese Witherspoon, with the help of her two teen nieces, announces the return of her popular YA Book Club picks. Here's the first title. Continue reading at Book Riot

[ Book Riot | 2024-05-29 12:31:32 UTC ]
More news stories like this | All news stories tagged with: #ya book #reese witherspoon


Former Louisiana Library Trustees Sue to Get Positions Back

Amid an ongoing battle over book banning, the ousted board members are suing St. Tammany Parish claiming they are victims of a “smear campaign that vilified them, and sought and achieved their ouster.” Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-05-24 04:00:00 UTC ]
More news stories like this | All news stories tagged with: #book banning #ongoing battle


Goodway Group launches retail media accelerator to bring order to a growing industry

Digital media and marketing agency network Goodway Group added two new brands to focus on the modern marketing funnel and retail media expertise as part of its strategic expansion into growing areas of the industry. Continue reading at Digiday

[ Digiday | 2024-05-23 04:01:00 UTC ]
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U.S. Book Show: Book Biz CEOs Discuss Navigating Rapid Changes

More than 800 attendees joined PW and the AALA at this year's U.S. Book Show, where executives from Abrams, Baker & Taylor, Scholastic, and Simon & Schuster kicked off programming with insights on the state of the industry, AI, nurturing talent, and more. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-05-23 04:00:00 UTC ]
More news stories like this | All news stories tagged with: #schuster #baker taylor #book show


OpenAI will reportedly pay $250 million to put News Corp's journalism in ChatGPT

OpenAI and News Corp, the owner of The Wall Street Journal, MarketWatch, The Sun, and more than a dozen other publishing brands, have struck a multi-year deal to display news from these publications in ChatGPT, News Corp announced on Wednesday. OpenAI will be able to access both current and well... Continue reading at Engadget

[ Engadget | 2024-05-22 21:46:16 UTC ]
More news stories like this | All news stories tagged with: #news corp #german publisher #$6 million #prisa media #die welt #business insider #dotdash meredith #announced partnerships #news industry #recent times #ai companies


Amazon's Kindle Scribe dips back to an all-time low, plus the rest of this week's best tech deals

Apple and Google recently held events to showcase new products and services. From a deals perspective, that means some older iPads are hitting new low prices — we even spotted a few modest $30 and $50 discounts on brand new iPad Air and iPad Pro models. Google's latest smartphone, the Pixel 8a,... Continue reading at Engadget

[ Engadget | 2024-05-17 16:39:00 UTC ]
More news stories like this | All news stories tagged with: #kindle #follow @engadgetdeals #buying advice #kindle scribe #pixel 8a #ipad air #all-time low #tech deals


OpenAI strikes deal to put Reddit posts in ChatGPT

OpenAI and Reddit announced a partnership on Thursday that will allow OpenAI to surface Reddit discussions in ChatGPT and for Reddit to bring AI-powered features to its users. The partnership will “enable OpenAI’s tools to better understand and showcase Reddit content, especially on recent... Continue reading at Engadget

[ Engadget | 2024-05-16 22:41:33 UTC ]
More news stories like this | All news stories tagged with: #german publisher #die welt #business insider #dotdash meredith #run ads #joint statement #real time


Amazon Launches Massive Six-Day Book Sale

The inaugural Amazon Book Sale will run May 15–20 and feature deep discounts on thousands of books, including 50% off print bestsellers. The e-retailer is touting the event as "The Book Sale of Your Dreams." Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-05-09 04:00:00 UTC ]
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I’m putting together a book heist crew.

Last week over 100 cops from the EU’s police agency fanned out over Georgia and Latvia to bust a group of criminals who stole around 170 antique books from libraries across Europe. Over two years, the gang is suspected in the robbery of “rare books mainly written by Russian writers—including... Continue reading at Literrary Hub

[ Literrary Hub | 2024-04-30 17:42:09 UTC ]
More news stories like this | All news stories tagged with: #libraries #rare books


A page-turner: how to get your reading groove back | Letters

Readers share their tips on discovering new authors and reading more widelyIn addition to the excellent advice provided in your article on reading (The experts: librarians on 20 easy, enjoyable ways to read more brilliant books, 25 April), I would add the following. The old adage of not judging... Continue reading at The Guardian

[ The Guardian | 2024-04-28 16:39:44 UTC ]
More news stories like this | All news stories tagged with: #small publisher #paperback #olga tokarczuk #svetlana alexievich #annie ernaux #fitzcarraldo editions #brilliant books


The '90s called. They want their books back

When the graphic novel remake of Ann M. Martin's book Claudia and the Bad Joke was the best-selling kids book in Canada earlier this month, it was time for bookworms to feel their hearts flutter with nostalgia. The original, part of the wildly popular The Baby-Sitters Club series, was published... Continue reading at CBC

[ CBC | 2024-04-26 08:00:00 UTC ]
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Zodiac Academy Authors Launch Publishing Venture

Sisters Caroline Peckham and Susanne Valenti will rerelease their self-published Zodiac Academy romantasy series in paperback under their newly-formed company, Dark Ink Publishing. On April 23, Dark Ink released 'Restless Stars,' the ninth and final book in the series, with an announced print... Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-04-24 04:00:00 UTC ]
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Abrams to Launch Manga Imprint, Kana

Abrams ComicArts is launching a new imprint, Kana, focusing on manga series translated into the English language for the U.S. market, primarily catering to adult audiences. Its first titles, including 'Leviathan' by Shiro Kuroi and 'Manhole' by Tetsuya Tsutsui, are due this fall. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-04-24 04:00:00 UTC ]
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PEN President Jennifer Finney Boylan Announces Plans to Review PEN’s Work Going Back a Decade

PEN America has faced an enormous amount of criticism from the literary world for, among other things, failing to call Israel’s six-month assault on Gaza a genocide, and is now facing a wave of withdrawals from two of its signature events, the literary awards and the World Voices Festival. In... Continue reading at Literrary Hub

[ Literrary Hub | 2024-04-18 14:26:32 UTC ]
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Actress Viola Davis Launches JVL Media

Davis, her husband Julius Tennon, and publisher Lavaille Lavette are launching JVL Media, a new publisher and packager focused on diverse and underrepresented voices. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-04-18 04:00:00 UTC ]
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S&S UK to Launch Summit Books U.K. with Ravi Mirchandani at the Helm

Mirchandani, who has been editor-in-chief of Picador in the U.K. since 2019, has been named publisher of the U.K. arm of the newly revived Simon & Schuster imprint. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-04-17 04:00:00 UTC ]
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