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Ford's Indian-American head steps down after misconduct allegations

Indian-American Raj Nair, executive vice president and president of Ford North America, is stepping down from his post effective immediately following misconduct allegations.

Nair, who has held various positions with the automobile giant since 1987, said he regretted instances where his actions were not in tune with the company's policies.


"I sincerely regret that there have been instances where I have not exhibited leadership behaviors consistent with the principles that the Company and I have always espoused. I continue to have the utmost faith in the people of Ford Motor Company and wish them continued success in the future," Nair said in a statement.

Ford President and CEO Jim Hackett also said the decision to let Nair go was taken after careful consideration and thorough review. "Ford is deeply committed to providing and nurturing a safe and respectful culture and we expect our leaders to fully uphold these values," he said.

Hackett became the CEO of Ford in May 2017, and this is the second time he has had to issue a statement regarding a high-profile scandal. In December, a New York Times investigative report revealed sexual harassment and abuse at two of the company’s factories in Chicago.

Following this, Hackett penned an open letter to employees saying he apologizes for harassment and discriminatory conduct his colleagues were subjected to. "On behalf of myself and the employees of Ford Motor Company, who condemn such behavior and regret any harassment as much as I do, I apologize. More importantly, I promise that we will learn from this and we will do better," he said.

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Asda sales plunge, chair blames government of low confidence

The supermarket struggled with technology issues during a lengthy effort to separate IT systems from former owner Walmart.

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Asda reports sharp sales fall, chair blames government for 'killing consumer confidence'

Highlights

  • Asda sales fall 3.8 per cent to £5.1 bn in three months to September, with comparable store sales down 2.8 per cent.
  • Chair Allan Leighton blames IT system problems from separating technology from former owner Walmart.
  • Leighton criticises government for hampering business investment and depressing consumer sentiment.
Asda has reported a sharp sales decline while criticising the government for "killing confidence" among consumers, though its chair admitted "self-inflicted" technology problems had set back turnaround plans by six months.

Total sales at Britain's third-largest supermarket fell 3.8 per cent to £5.1 bn in the three months ending September compared with the same period last year, reversing 0.2 per cent growth from the previous quarter. Comparable store sales dropped 2.8 per cent.

Chair Allan Leighton, who returned last year to revive the business for a second time, told the guardian that the fall in sales and market share was "totally self-inflicted." The supermarket struggled with technology issues during a lengthy effort to separate IT systems from former owner Walmart.

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