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The oldest carmaker Ford lost its head

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The oldest carmaker Ford lost its head
February 23
09:00 2018

A few days ago, the famous automaker, being the largest and oldest not only in the United States but in the whole world, made a statement that many considered a bad joke. The promulgated press release says that the concern decided to fire Raj Nair, president of the North American business unit.

Improper conduct of the top manager is said to be the cause of his dismissal. It is still unknown what exactly he has done but it became known that discouraging facts had been revealed during the investigation initiated by anonymous reports.

Raj Nair had been building his career in the company for almost 30 years, holding the post of technical director. The 53-year-old manager assumed his current position in July last year.

Many experts agreed that Mr. Nair was the “rising star” of the Ford Motor Company. His responsibility included the development of the famous supercar Ford GT and the launch of some other models under the Ford brand.

After the promulgated decision, Raj Nair said himself: “I sincerely regret those moments when I did not demonstrate leadership behavior that meets the principles of the company, which I head.”

Such a decision negatively affected the quotations of shares of a well-known auto concern. We, the team of the portal Money-Investing, do not doubt that the talent of Raj Nair will be evaluated by another, no less outstanding, corporation.


The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

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