CLEAN: Ford chairman introduces new breed of electric cars

The transcript discusses the introduction of leading-edge technology to the market, emphasizing the high initial costs and the potential for cost reduction as production scales up. It highlights the electrification of the CCAR platform as a strategy to spread costs and achieve profitability sooner. The speaker expresses pride in job creation and reflects on the challenges faced by the company, emphasizing the importance of competing in a global market. The transcript concludes with a focus on leadership and the vision to open highways to all mankind.

What is a common challenge when introducing new technologies to the market?

• Limited availability of resources

• High initial costs

• Lack of consumer interest

• Regulatory hurdles

How does electrifying the CCAR platform benefit the company?

• It increases the speed of production

• It allows cost distribution over a larger volume

• It reduces the need for skilled labor

• It eliminates the need for traditional fuel

What personal impact did the economic challenges have on the speaker?

• It resulted in a loss of market share

• It led to a career change

• It was a painful period for the company and personally

• It caused a relocation to another country

What is the speaker's view on the competition in the global market?

• It is declining due to economic conditions

• It is dominated by technology companies

• It is a daily challenge with many strong companies

• It is limited to a few major players

What vision does Ford's leadership have for the future?

• To focus solely on electric vehicles

• To become the largest automotive company

• To reduce production costs by half

• To open highways to all mankind