Can Jim Hackett Turnaround Ford Motor Company (NYSE:F)

Ford Motor Company (NYSE:F) recently appointed a new CEO and investors are welcoming the change. The stock has gained 5.4% over the last five days. However, Ford Motor Company (NYSE:F)’s problems won’t be solved just by a new face in the executive office. Ford Motor Company (NYSE:F) is well behind its competitors in the lucrative electric car industry. However, Ford’s new CEO Jim Hackett is famous for turning around companies in the past. Hackett wants to modernize Ford and take key steps in order to fix unprofitable business arms. Hackett has a tech background with strong connection in the Silicon Valley.

Ford is investing about $1 billion in AI and self-driving startups like Pivotal, Velodyne and Argo AI. Analysts believe that with a little bit of patience, investment in Ford Motor Company (NYSE:F) will definitely pay off.

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