Ford CEO Fields Says Nafta Is ‘Very Important’

Mark Fields, Ford's CEO, discusses the company's solid quarterly earnings, market conditions, and strategic adjustments in production to match demand. He highlights cost management efforts and investments in future technologies like electrification and autonomy. Fields also addresses the impact of NAFTA on Ford's operations, emphasizing its importance for competitiveness and job support in the US.

What was a key factor in Ford's solid quarter performance?

• Increased transaction prices in the US

• Higher demand in Europe

• New partnership with a tech company

• Decreased production costs

How is Ford preparing for the plateauing vehicle demand in the US?

• Increasing production

• Reducing investments in new products

• Managing inventories and credit operations

• Expanding into new international markets

What emerging opportunities is Ford investing in?

• Luxury car segment

• Traditional fuel vehicles

• Motorcycle production

• Autonomy and electrification

What impact does the glut of used cars have on Ford?

• Reduces production costs

• Increases new car sales

• Lowers trade-in values

• Boosts profit margins

Why is NAFTA important to Ford's operations?

• It reduces labor costs significantly

• It provides tax benefits for exports

• It allows Ford to be the largest car manufacturer in the US

• It limits competition from European manufacturers