Ford unveiled its new 2021 F-150 on Thursday, a hybrid truck loaded with features, and reportedly able to travel 700 miles on a tank of gas.
"This is the first major update for five or six years for us. It's America's best-selling vehicle, and we have to keep it, not just updated, but the best-in-class," said Jim Farley, Ford's chief operating officer.
Despite upgrades like over-the-air system software updates, the full-size pickup truck still relies partially on gas as fuel in an era of all-electric vehicles coming from the likes of Tesla or Nikola.
However, Farley noted that the auto giant has plans for that space as well.
"In the next 24 months, we will launch an all-electric F-150, and we aren't stopping there. We're also going to launch an all-electric transit van," he said. "The hybrid F-150 we're launching this fall is going to be a great bridge to that."
Even as Ford looks to the future, the automaker, like everyone else, had to contend with the present coronavirus pandemic, requiring changes and upgrades to their manufacturing operations in order to get back up to speed.
"It was a really difficult time for Ford, but we used that downtime to prepare for what we're going through now, which is getting up to full production," Farley said about the past several months. "This week is a marquee week for us. We're up almost to full production in North America, we're building production in Western Europe and in China, around the world."
He also explained how Ford drastically reconfigured its facilities to prevent the spread of coronavirus and made changes including aggressive cleaning, temperature checks, food delivered directly to workers, and customized personal protective equipment.
"We've had to put social distancing into our plants and redesign all the workspaces," he explained. "It's been months and months of planning, and it's all paid off now."
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
