Jim Hackett, Ford’s new CEO. Photo: Ford.

Highlighting its ambitions to focus on connected cars, Ford has announced its former head of smart mobility, Jim Hackett, will take over as the company’s CEO; he will replace Mark Fields, who is retiring. Hackett stated he plans to modernize the business around new innovations in Big Data, Artificial Intelligence (AI) and robotics. Ford stock is significantly down from its highs around $12.85 near the beginning of the year.

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