Ford’s CEO Mark Fields is looking to be replaced with executive chief Jim Hackett; this is another move the auto giant makes after the investors experienced a great turbulence on the company’s stock market performance and outlook. The all-American brand has also revealed that it is looking to cut jobs and focus on manufacturing sports utility vehicles and crossovers.

Recent news revealed that the chairman of the company’s Ford unit that specializes in autonomous vehicle, James Hackett, 62, will be taking on the new high seat for the whole auto company. This is, according to Ford spokesman in Europe; We are staying focused on our plan for creating value and profitable growth