Thanks to Mark Fields screwing it up, the stocks done terrible. 1) He grew Ford/Lincoln headcount to an unsustainable level (Hackett has reversed this trend). 2) Fields reduced spending on Prod development and let the vehicle lines go stale all around the world (including China, Europe, U.S. and S.A.). Hackett reversed this trend - with tons of great product about to launch. 3) Fields wanted to put out yet another "compliance car" as an EV. Hackett stopped this nonsense and now we have the Mach-E, a much better fit for the global EV market. 4) Fields was truly clueless on mobility/AV's, and Hackett has devised the best AV strategy in the field. In fact a recent conversation with an AV thought-leader was about how Argo AI has really closed the gap on the front runner Waymo. 5) Field's didn't understand tech in vehicles and certainly didn't want to invest in technology. Hackett right away coined the term, "Smart vehicles for a smart world" and invested in tech inside the vehicles, including connectivity and AI mining of data to improve the vehicles. Hackett was early on in understanding the digitization of the vehicle and was willing to pay for that tech development upfront...In 2020, Ford will have both the Mach-E and F-150 that will get OTA updates. That will make Ford a true differentiator, from other OEM's. 6) Most of the Warranty problems Ford is now suffering comes from the Fields era. Certainly they are all pre-Hackett. The list goes on and on... Field's was a utter failure and the stock has paid a huge price for his lack of leadership. Hackett hasn't been perfect, but Thankfully he and team are reversing Field's mistakes and reshaping the company to be a winner with some great product launches coming up and an enviable position in mobility including AV's. Hackett, unlike Fields, hasn't been afraid of spending the upfront dollars on connectivity, EV and AV... Yep, its hurt the P&L, but There will be a nice ROI on all three for Ford. Plus, Hackett's reorg is getting to the heart of structural costs, where Fields "turn-around" of places like Europe were superficial and improvements didn't stick. Hackett is taking on tough issues/problems that have been ingrained at Ford for decades. These problems take a full development cycle to fix. Actually, in some cases, they will take longer than 5 years to fix. But, they will get fixed. Fields let literally ALL those issues fester. He was a poor "care-taker" style CEO, who was more wrapped up in his image than getting to the heart of the problems at Ford. Hackett is a complete 180 from this.via a userTrade Ford on T2BF