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Donald Petersen, CEO Who Turned Around Ford Motor, Dies at 97 [BNN Bloomberg (Canada)]

Toyota Motor Corporation (TM) 
US:NYSE Investor Relations: toyota-global.com/investors
Company Research Source: BNN Bloomberg
the introduction of the Taurus sedan, the best-selling car in America for four years, has died. He was 97. Petersen died of natural causes April 24 at his home in Bloomfield Hills, Michigan, according to his niece Laura Peterson. Only the second Ford CEO who wasn't a Ford himself, Petersen ushered in a period of prosperity while leading the Dearborn, Michigan-based automaker from 1985 to 1990. During his tenure, Ford posted record profits after overhauling its lineup with more fuel-efficient offerings such as the Taurus. But his legacy was complicated by friction with the Ford family. The Taurus represented Ford's most successful response to an onslaught of competition from Japanese automakers when it debuted in 1985. Its aerodynamic look, which some called “jelly-bean styling,” sprang from Petersen challenging designers to come up with a car they'd be proud to have in their driveways. He sought the counsel of W. Edwards Deming, the renowned statistician and quality expert who Show less Read more
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