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Ford CEO Jim Hackett stepping down

August 4th, 2020 by Maddi Hennessey

Chief Operating Officer Jim Farley will take the helm of the U.S. automaker on Oct. 1. Jim Hackett, the chief executive and president of Ford Motor Co., unexpectedly announced his retirement on Tuesday. Hackett, 65, will be succeeded by Chief Operating Officer Jim Farley, 58, effective Oct. 1, according to a company release. “I love Ford

This $3.5 Million Shelby GT350R Prototype Just Became The World’s Most Expensive Mustang

July 28th, 2020 by Maddi Hennessey

Ford Mustang Shelby GT350R prototype known as “R5002” sold for a staggering $3.5 million over the weekend, beating out the $3.4 million original “Bullitt” to become the most expensive Mustang ever sold. This car was Shelby’s competition prototype, designed to transform the Mustang’s image from a pedestrian, mass-market car to a race-bred marque. It was the first Shelby Mustang