Ford re-engineers its top brass
Ford Motor Co. is reorganizing its design and engineering centers in a move to make the company more global while speeding vehicle development.
According to a Wall Street Journal report , Ford Motor Co . is reorganizing its design and engineering centers in a move to make the company more global while speeding vehicle development.
The company is reorganizing the top ranks of its product development and purchasing groups worldwide to cut costs, improve quality and accelerate the introduction of new cars and trucks.
As reported in The Detroit News , one of the main goals of the new structure is better collaboration. In the past, for example, different teams of engineers would develop the exhaust systems for each Ford vehicle. Those engineers would rarely talk to each other, and no effort was made to identify common solutions. The result was a complex parts bin that required a complicated supplier network to support.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey