mackinaw Posted May 10, 2024 Share Posted May 10, 2024 In a nutshell, Ford CFO, John Lawler, will become a Vice Chair, and he'll be replaced by Sherry House, ex-Lucid finance chief. https://www.detroitnews.com/story/business/autos/ford/2024/05/10/ford-cfo-john-lawler-leave-2025-ex-lucid-motors-sherry-house/73639551007/ 1 Quote Link to comment Share on other sites More sharing options...
atomcat68 Posted May 10, 2024 Share Posted May 10, 2024 So, the chief financial officer will be hired from a company that is in a constant state of bankruptcy? 5 2 Quote Link to comment Share on other sites More sharing options...
jpd80 Posted May 11, 2024 Share Posted May 11, 2024 8 hours ago, atomcat68 said: So, the chief financial officer will be hired from a company that is in a constant state of bankruptcy? Huh? Lucid still has around $5 billion in liquidity Now whether it can make vehicles at a profit is another matter… Quote Link to comment Share on other sites More sharing options...
atomcat68 Posted May 11, 2024 Share Posted May 11, 2024 11 hours ago, jpd80 said: Huh? Lucid still has around $5 billion in liquidity Now whether it can make vehicles at a profit is another matter… That's because the Saudi government keeps pumping money in it. If it depended on its car sales, it would fail very quickly. 1 Quote Link to comment Share on other sites More sharing options...
Bob Rosadini Posted May 14, 2024 Share Posted May 14, 2024 On 5/11/2024 at 4:08 AM, jpd80 said: Huh? Lucid still has around $5 billion in liquidity Now whether it can make vehicles at a profit is another matter… My reaction was same as A-Cat. However yesterday's WSJ had an article on this appointment. Key quote.."At Lucid, House kept a low profile but left the company's balance sheet in good financial condition..." Also went on to note in March Lucid secured a one billion dollar investment from a Saudi investment fund, as well as noting her biggest challenge will be joining the company as an "outsider". 1 Quote Link to comment Share on other sites More sharing options...
ScottLeonard Posted March 31 Share Posted March 31 (edited) On 5/14/2024 at 4:00 PM, Bob Rosadini said: My reaction was same as A-Cat. However yesterday's WSJ had an article on this appointment. Key quote.."At Lucid, House kept a low profile but left the company's balance sheet in good financial condition..." Also went on to note in March Lucid secured a one billion dollar investment from a Saudi investment fund, as well as noting her biggest challenge will be joining the company as an "outsider". Her experience in electric vehicles could bring valuable insights into Ford's ongoing initiatives. Speaking of innovation, implementing effective systems is crucial in a variety of industries. For example, in the healthcare industry, a healthcare document management system can significantly improve operations. This article provides a comprehensive guide to creating such a system. Overall, these strategic appointments reflect Ford's commitment to strengthening its leadership team. It’s interesting that Lucid’s financial stability was highlighted. I wonder how being an outsider will impact the House’s leadership and future decisions! Edited April 1 by ScottLeonard Quote Link to comment Share on other sites More sharing options...
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