John Lawler, the head of Ford's autonomous vehicle company, will become the automaker's new CFO effective immediately, while Kieran Cahill, previously Ford of Europe's director, manufacturing and strategic projects, will succeed Dale Wishnousky as vice president of manufacturing for Europe.

After the bumpy tenures of Ford's last two CEOs, Jim Farley takes over the automaker this week with a number of high-profile EVs on tap and the task of navigating a quickly changing industry without losing sight of Ford's big profit areas.

The CEO said the automaker had booked "well over half a million" orders for the electric pickup in the form of $100 refundable deposits.

The change comes weeks after organizers for the Los Angeles show said they would move the 2020 event from November to May 2021, wedging itself in between the New York and Detroit shows.

The automaker also is suing former board member Joe Ashton and former FCA labor executive Alphons Iacobelli — both of whom have pleaded guilty to embezzlement as part of a wide-ranging corruption investigation into the UAW.

As its rivals pour billions into battery plants, Ford is content to supply its EVs through more traditional means.

The extended time frame signals that Ford is confident in the storied Mustang nameplate.

Jim Farley's gambit to leave a flourishing Toyota career to help save a foundering Ford at the outset of the Great Recession has paid off, but he will have much on his agenda when he takes charge Oct. 1.

After being elevated to chief operating officier in February, Farley convinced his bosses, Jim Hackett and Bill Ford, that it was time for him to take over the company with the leadership he demonstrated amid the coronavirus pandemic.

Hackett will step down Oct. 1 after leading the company for more than three years. Ford said Hackett would work with Farley, a former head of Ford in Europe, to ensure a smooth transition.

Engineering expert Sandy Munro tore apart a Tesla Model Y to see what makes it tick. What he concluded is that the rest of the industry has some catching up to do.

The automaker lost $1.9 billion before interest and taxes and one-time items in the quarter as revenue fell 50 percent to $19.4 billion. Ford lost money in every region it operates in, including a $664 million loss in Europe.

The automaker will use two dog-like robots, nicknamed "Fluffy" and "Spot," to create a virtual scan of its U.S. Van Dyke Transmission Plant in Michigan.

A site outside Austin, Texas, beat out Tulsa for the automaker's newest U.S. factory, with construction already underway.

The electric vehicle maker was aided by a hefty increase in sales of regulatory credits and lower operating costs while factory shutdowns prompted by the coronavirus outbreak added pressure.