Michael Martinez

Ford Reporter
Address: 1155 Gratiot Ave.
48207 Detroit
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Phone: 313-446-1644
E-Mail: mdmartinez@crain.com
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Recent authored articles

New Ford CEO Hackett's pay package worth up to $13.4 million

New Ford CEO Jim Hackett's base salary rose from $716,000 to $1.8 million. His total compensation for this year is valued at up to $13.4 million.

Ford issues two recalls for roughly 3,000 vehicles

Ford issued two recalls for about 3,000 vehicles in North America. The largest involves a call-back of about 2,500 2017 Explorer SUVs, F-150 and Super Duty pickups.

Ford awards multimillion-dollar retention bonuses to four executives

Days before it parted ways with former CEO Mark Fields, Ford offered retention stock bonuses to four top executives ranging from $2 million to $5 million.

Fields departs in shake-up; ex-Steelcase head Jim Hackett named CEO

UPDATED: 5/22/17 4:16 pm ET - adds stock close

Ford, in a sweeping management shake-up, named Jim Hackett, former CEO of Steelcase, chief executive, replacing Mark Fields, who is stepping down amid pressure from shareholders over a slumping stock price and during a...

Where Mark Fields fell short

Despite financial success, a lack of clarity about Ford's future, inability to inspire confidence in workers and indifference on Wall Street doomed Fields less than three years into his tenure.

Fields retires as Ford CEO in shake-up; ex-Steelcase head Jim Hackett named new chief

UPDATED: 5/22/17 1:07 pm ET - adds details

Ford, in a sweeping management shake-up, named Jim Hackett, former CEO of Steelcase, as its new chief executive, replacing Mark Fields, who is stepping down amid pressure from shareholders over a slumping stock price and...

Amid good times, Ford braces for bad ones

Ford and GM are making recession-style staff cuts even as sales and profits remain relatively strong.

Raj Nair's mom was right

Raj Nair, the head of Ford's product development, doesn't remember when he first fell in love with motorsports. But he knows his parents certainly didn't have anything to do with it.

Ford Performance boss Dave Pericak recalls the highs and lows of his many hot laps

Dave Pericak, head of Ford Performance, has been on countless hot laps on racetracks across the globe. But one in particular stands out.

Ford GT's storybook finish had stomach-turning start

Ford Motor Co.'s 2016 return to racing with the GT supercar had a storybook ending: victory at Le Mans 50 years after it beat rival Ferrari to put American motorsports on the map.

Ford to build an 8-speed transmission in Michigan

Ford will build an eight-speed front-wheel-drive transmission, downsized from a planned nine-speed, at a Michigan plant.

Ford will invest $350 million to build new fwd transmissions

Ford said it is investing $350 million in a suburban Detroit plant to support a new transmission for front-wheel-drive vehicles. The move will create or retain 800 jobs.

Ford to cut 1,400 salaried jobs in North America, Asia

UPDATED: 5/17/17 4:17 pm ET - adds stock close

Ford said it plans to cut 10 percent of its salaried employees -- about 1,400 positions -- in North America and Asia to reduce costs amid slowing sales and growing investments in new technology.

Ford Credit staffers spared from cuts

Ford Motor Co. plans to cut 10 percent of its salaried ranks in North America and Asia to cut costs amid slowing U.S. sales and growing outlays for new technology, but 7,300 workers at Ford Motor Credit Co.

Ford to offer buyouts to 600 salaried Canadian workers

UPDATED: 5/17/17 2:00 pm ET -- Correction

Ford Motor Co. plans to offer early retirement and separation packages to 600 Canadian salaried workers as part of an effort to cut 10 per cent of its white-collar employees in North America and Asia.

Does Ford have a communications problem?

UPDATED: 5/18/17 9:20 am ET

From a PR standpoint, nobody this side of 1600 Pennsylvania Avenue has had a worse week than Ford.

Ford rebuffs critics of its tech investments

Ford's decision to spend billions on autonomy, electrification and new mobility services is being questioned by shareholders and some directors.

Lincoln's Chauffeur trial starts in 2nd city

Saying that its Chauffeur program is “generating a lot of interest,” Ford Motor Co.'s Lincoln luxury brand has expanded the recently-launched pilot program to a second market.

Virtual meeting met with mixed reviews

Ford Motor Co.'s annual shareholders meeting, normally held in Wilmington, Del., was held virtually this year for the first time in its 62-year history.

Lincoln expands Chauffeur service to 2nd market

Lincoln is expanding a recently-launched pilot program that lets users summon a chauffeur to drive them around in their own car.

Ford, Fields defend new-tech investments during shareholders meeting

UPDATED: 5/11/17 12:47 pm ET - adds attendance details

Ford shareholders questioned top executives about their strategy for the future -- and complained about a new virtual meeting format.

Ford's Hot Shot on-demand parts delivery grows rapidly

UPDATED: 5/18/17 12:58 pm ET - corrected

Ford's customer service division is rapidly expanding a dealer program for same-day, on-demand parts delivery that helps reduce wait times at repair shops.

Former UAW chief supports retooling of NAFTA

Former UAW President Bob King said he supports President Trump's bid to renegotiate NAFTA as long as it puts workers first.

Trump's EPA cuts a 'short-sighted' step backward, Mich. congresswoman says

UPDATED: 5/8/17 5:19 pm ET -- adds details

Cuts​ to​ the​ EPA​ in​ President​ Trump's​ proposed​ budget​ could​ shutter​ a key vehicle​ emissions testing​ lab​ in Michigan and​...

Ford lays off 130 workers at key Ohio truck plant

Ford is temporarily laying off 130 hourly workers and eliminating a shift at its politically important Ohio Truck Plant as demand lags for the medium-duty trucks built there.

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