![]() ![]() Since Michael took over Capital, it has grown into the No.1 Ford dealer in the Southeast. “I still like to work the floor,” Michael admits. He had worked as new-car sales manager at Parkway Ford in Winston-Salem, NC, the No.1-ranked Ford sales group in the Carolinas. And we’ve never lost money there since,” he says. Michael began turning around the business in 90 days and soon doubled sales without replacing the original management staff. He bought out the retiring dealer and transformed a struggling dealership into today’s multimillion-dollar multiline group. ![]() Michael arrived at Charlie Wiygul Ford in 1985 as dealer principal, renaming it Capital Ford, since it was located in Raleigh, the state capital on Capital Blvd. The dealership is part of the Capital Automotive Group that also sells Lincoln, Mazda, Chrysler, Jeep, Dodge, Ram, Suzuki and Nissan brands throughout North and South Carolina. Most of his time is spent in sales, but he keeps abreast of parts, service and body shop – everything,” says Jerry Mosley, Capital Ford’s general manager and a 27-year company veteran. “He is always available for customers and employees. Why honored: In his first year as CEO of Ford, Farley and his team navigated through the coronavirus pandemic and related supply-chain issues, began delivering a new product portfolio that has customers excited, improved the company's lagging stock price and articulated a clear turnaround strategy.Employees at Capital Ford in Raleigh, NC, know boss Tim Michael as the “Energizer bunny.” He’s everywhere. Occupation: President and CEO of Ford Motor Co.Įducation: Bachelor's degree in economics from Georgetown University, degree in management from the University of California, Los Angeles Anderson School of Management ![]() “We’re going to be trying to change the world like Henry Ford did with the Model T. Why do we want to wait?" he said. Meanwhile, if it seems like Farley is in a hurry at Ford, it's only because he has big ambitions for what he thinks the company can achieve and is eager to see his team's plan through. The Rev. Tim McCabe, the center's executive director, described Farley as "a shining example of servant leadership" and credited him with helping the organization on its mission to eradicate chronic homelessness in the city. The center's work, he believes, could be a model for the rest of the country on how to address the root causes of homelessness. He is heading up a campaign that's so far raised $17 million toward establishing a bridge housing campus in the Corktown area that would include units of temporary housing, a health care clinic, and an outdoor heated shelter area. Still, the job is an intensely personal one for Farley, a car guy who hits the race track in his spare time and the proud grandson of a Ford autoworker, whose memory he frequently invokes.Īnd though that spare time is limited these days, Farley spends some of it working with the Pope Francis Center in downtown Detroit, an organization that serves people experiencing homelessness. And I think we have a plan and a team that can redesign Ford." "I'd be as happy working on the line as this job. for the Blue Oval in 2007 - envisions to a digital product that generates recurring revenue streams. And this plan is what he points to - along with his leadership team, a group whom he is quick to credit and which consists of trusted Ford veterans alongside policy and technology heavyweights he personally recruited - as his proudest accomplishment to date.įord CEO Jim Farley, left, speaks to electricians Kevin Johnson, Grady Jackson and Dan Bandlow at the Rouge Electric Vehicle Center in Dearborn on Oct. The recent moves are all part of a larger shift Farley - who rose through the ranks after leaving Toyota Motor Corp. It announced the new EV and battery plants, its single largest manufacturing investment in history. ![]() It launched a standalone commercial vehicle business. It upped its investment in electrification to $30 billion through 2025. It announced a joint venture to manufacture batteries with SK Innovation. In quick succession in the last year, the automaker made attention-grabbing moves that signaled Farley's ambition to lead the automotive industry's electric and digital future.įord revealed the F-150 Lightning, which now has more than 150,000 reservations. And it has a plan, one that seems to be getting buy-in from Wall Street analysts, investors, dealers and customers alike. It's gone all-in on electrification, a flag it firmly planted in September with its announcement of an $11.4 billion investment in new EV and battery manufacturing campuses in Tennessee and Kentucky. The company is in the midst of launching a new product portfolio that includes some of its most buzzed-about vehicles in recent memory. Ford shares rose roughly 100% during Farley's first year as CEO. ![]()
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