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(Reuters) - Ford Motor Co (F.N) plans to introduce a small utility vehicle based on its compact Focus sedan, with more rugged offroad styling cues than the Escape, a top executive said on Wednesday. The new model, which will share parts with the Focus and Escape, will feature “offroad positioning and imagery” and will carry a premium price, according to Hau Thai-Tang, executive vice president of product development and purchasing. Thai-Tang was speaking at an investor conference in New York.
The vehicle, as yet unnamed, is an all-new model with a design intended to recall Ford’s classic mid-1960s Bronco offroader, according to a source familiar with the company’s plans, The new compact could debut in 2019 as a 2020 model, said the source, Thai-Tang cited the vehicle as an example of how the U.S, automaker is changing its product development process to use more flexible vehicle architectures, increase parts commonality and speed new products to market more quickly, Ford unveiled a boxy Bronco concept at the 2004 Detroit auto show that never went into production, The U.S, automaker said last year it plans to launch a midsize Bronco, rice university owls cufflinks based on the upcoming Ford Ranger midsize pickup, for model year 2020..
Unlike the 2020 Bronco, which will use a trucklike body-on-frame architecture, the “baby Bronco” will be more carlike since it will share its underpinnings with the Focus and Escape. Ford has said it plans to phase out the Focus sedan and hatchback in North America because of declining demand for conventional passenger cars. But it expects to introduce a wagon-like variant of the redesigned compact, called Focus Active, with modest crossover-like styling cues reminiscent of the Subaru Outback, the source said, adding that the Focus Active will share common parts with the small offroader.
(Reuters) - Tesla Inc’s (TSLA.O) board has said it is evaluating taking the electric car maker private, a day after Chief Executive Elon Musk surprised shareholders with the idea of launching the biggest leveraged buyout of all time, In a statement on Tesla’s website on Wednesday, six of Tesla’s nine directors said the board had met several times over the last week to discuss rice university owls cufflinks such an idea and was “taking the appropriate next steps to evaluate this.” The six directors are Brad Buss, Robyn Denholm, Ira Ehrenpreis, Antonio Gracias, Linda Johnson Rice and James Murdoch..
The following is a snapshot of the nine members on Tesla’s board. Member since. Elon Musk 2004 Tesla’s Chief Executive Officer and. co-founder. Owns a roughly 20 percent. stake in Tesla. Also serves as CEO of. Brad Buss 2009 Served as chief financial officer of. solar panel installer SolarCity for. two years before retiring in 2016. Tesla bought SolarCity that year. Buss. was also CFO of Cypress Semiconductor. which is an investor in Tesla. according to its website. Ehrenpreis. bagged the first Model 3 car, having.
been the first to put down a deposit, but later gifted it to Musk, Antonio 2007 Lead rice university owls cufflinks independent director at Tesla, executive officer of Valor Equity, Partners, In May this year, influential proxy adviser ISS, recommended that investors vote, against his election to the board, Robyn 2014 The first woman to join Tesla’s board, telecom firm Telstra and the ex-CFO of, network gear maker Juniper Networks, James 2017 The CEO of Twenty-First Century Fox, SKYB.L, ISS in May recommended that, investors vote against his election to..
the board as he is “overboarded” -. serving on several other boards. Steve 2009 Co-founder of Silicon Valley venture. He resigned from DFJ in November 2017. following allegations of sexual. harassment against him. He is on a. leave of absence from Tesla’s board. since then. Kimbal 2004 Elon Musk’s brother and co-founder of. according to media reports, has been. criticized for his lack of experience. in the auto industry, as well as his. role as an independent director at.
(Reuters) - Tronc Inc TRNC.O is weighing an offer to sell the Chicago Tribune and the rest of its newspaper holdings to a private equity firm, the Chicago Tribune reported on Wednesday, An offer of between $19 and $20 per Tronc share is on the table, the report here said, citing sources close to rice university owls cufflinks the company, adding that at least one other private equity bid for Tronc may be in the works, At its mid-point, the offer represents a roughly 33 percent premium to the stock’s Tuesday closing price..