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. (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. Stone had a short tenure at Ford, joining the company from Amazon in April of last year. In August Ford named Farley, 58, as its new CEO effective Thursday.

DEARBORN, Mich. Some Ford employees are asking their company to make a major change. Our sister station, WDIV, reports that as many as 100 Ford employees called for the automaker to stop making vehicles for police departments. In the letter, employees told Ford executives, We are long overdue to think and act differently on our role in racism.Since the 1950s, Ford has made vehicles used by law enforcement officers. In an email to employees, Ford CEO Jim Hackett said the sale of police vehicles isnt controversial and that the issues plaguing police credibility have nothing to do with the vehicles theyre driving.Hacketts full email sent to employees can be read below. Thank you for caring so deeply about the Company and our people, and for all you do for Ford.

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.

The auto industry is going through massive change -- and Tesla and its outspoken CEO, Elon Musk, are seen as the great disruptors. "And yeah, he's competing with the ultimate disruptor in Henry Ford." Even the long-established industry titans that are just now venturing into electric cars owe a debt to Musk. As it works to ready itself for the future, Ford has been cutting jobs, making investments and forming partnerships. As CEO of Ford, Hackett is operating what is essentially a family-run corporation.

William Walker via CNNVolkswagen and Ford announced plans Friday to work closely to develop electric- and self-driving vehicles, the latest automakers to partner in the face of massive changes rocking the auto industry. With this latest investment, Volkswagen has agreed to join Ford in investing in Argo AI, the autonomous vehicle platform company now valued at $7 billion. Ford said it will become the first additional automaker to use Volkswagen's electric vehicle architecture to build electric vehicles for the European market starting in 2023. But they said at the time they were investigating how to develop the next generation of vehicles, such as electric and self-driving cars. The companies, two of the world's major automakers, are racing to develop electric- and self-driving cars on their own while at the same time penning deals with rivals to help defray the cost of high-tech R&D.

They also said they were investigating how to develop the next generation of vehicles, such as electric and self-driving cars. All of the world's major automakers are racing to develop electric and self-driving cars. Volkswagen has said previously that it will spend 44 billion ($50 billion) by 2023 on an "electric offensive" to develop electric cars, self-driving vehicles and other new technology. But much of the $11 billion restructuring is with an eye towards developing electric and self-driving cars. Volkswagen estimates that electric vehicles will make up 40% of its fleet by 2030.