The United Auto Workers union has made CEO pay a central part of their argument for a big worker wage increase.

On his first day in Fords top job, new CEO, Farley is replacing the companys chief financial officer and announcing other structural and management changes. The company says in a statement Thursday, Oct. 1, 2020 that Chief Financial Officer Tim Stone is leaving Oct. 15 to be chief operating officer at a small artificial intelligence company. (AP Photo/Richard Drew, File)DETROIT – On his first day in Ford's top job, CEO Jim Farley is replacing the company's chief financial officer and announcing other structural and management changes. The company says in a prepared statement Thursday that Chief Financial Officer Tim Stone is leaving Oct. 15 to be chief operating officer at a small artificial intelligence company. The company has plans to grow revenue and hit a sustained 8% pretax profit margin.

Now its time for another revamp, and Ford is playing it safe with the companys crown jewel. The biggest differences are a gas-electric hybrid version, internet connectivity, and a revamped interior that turns the truck into more of a rolling office or even a place to nap. The big pickups generate $50 billion per year in global revenue, about one-third of what Ford normally takes in. Theres really nothing more important to us than the F-Series, Ford CEO Jim Hackett said in an interview. Ford expects the hybrid system to produce the most torque and horsepower of any light-duty full-size pickup, although gas mileage, power and other specifications werent released.

The biggest differences are a gas-electric hybrid version, internet connectivity, and a revamped interior that turns the truck into more of a rolling office or even a place to nap. Now its time for another revamp, and Ford is playing it safe with the companys crown jewel. The biggest differences are a gas-electric hybrid version, internet connectivity, and a revamped interior that turns the truck into more of a rolling office or even a place to nap. Theres really nothing more important to us than the F-Series, Ford CEO Jim Hackett said in an interview. Sam Pack, who owns four Dallas-area Ford dealerships, says the F-Series accounts for well over 40% of his sales.

Following are developments Thursday related to the national and global response, the work place and the spread of the virus. Disneyland has pushed back the reopening of its parks in California because state approval will not arrive in time. The company said the state will not issue guidelines until after July 4, not enough time to open within two weeks. MARKETS: Stocks are flat to lower as COVID-19 infections surge in a number of states including Florida, Texas and South Carolina. BOXING MATCH: Professional sports are attempting a comeback even without crowds that have been prohibited because of social distancing rules.

Black lives matter. At the same time, companies must consider whether it makes sense for them to weigh in, especially on an issue as sensitive as race. Media giant ViacomCBS tweeted Black Lives Matter. Expressing solidarity with the Black Lives Movement is the right message, but everyone is jumping in on that bandwagon, said Allen Adamson, co-founder and managing partner of Metaforce a marketing and product consultancy. Each of these black lives matter.