AutoComplete: Ford replaces CEO Mark Fields with Smart Mobility chiefPlus: Elon Musk touts a new Tesla Autopilot update, and the feds investigate Hyundai and Kia for an engine recall.
HEre's whats making news on Road Show. Fords started up monday morning with a bang, announcing a management shake up that includes the retirement of CEO Mark Fields, whose been with the company in some capacity since 1989. Despite strong sales in profit, Fords stock value has plunged 40 percent since Fields took over. Badly lagging rivals like general motors. Replacing Fields will be Jim Hackett a former office furniture manufacturing CEO who most recently helmed Ford's Smart Mobility Team. While Ford claims Fields is retiring, Forbes is reporting that the company's board voted for his ouster. Elon Musk took to Twitter over the weekend to discuss the next update for his company's autopilot software. The update which will make its way to Tesla owners over the air next month Features improvements to the algorithms is a control test list suit of semi-autonomous driving aids. Must claims that changes make the model S and X feels smooth as silk. Tesla CEO also claims that a much improved web browser is on its way but he isn't giving a timeline for that. Hyundai and Kia find itself under several investigations for an engine recall that started in 2015. The National Highway Traffic Safety Administration will look into whether or not the recall of 1.7 million vehicles over engine defects was rolled out in a timely manner, as it took more than a full year for the majority of those vehicles to be recalled. In 2015 the recall started with fewer than half a million cars. If Hyundai and Kia are found at fault, the brands could pay some pretty hefty fines. Find more on these stories over at theroadshow.com. We'll talk to you tomorrow.