Ford CEO Expects 'Solid' Auto Market, Doesn't See Signs of Recession

Ford is investing $15 billion in electric and driverless cars. CEO Jim Hackett discusses Ford's performance, noting challenges due to an aging product line but highlighting a major refresh. Economic factors like interest rates and trade conflicts impact the business, but the economy is stable. Ford plans a significant restructuring, including $11 billion earmarked for changes, especially in Europe, to address long-standing issues and adapt to market conditions.

What is Ford's plan for its product line in the next two years?

• To discontinue half of its products

• To refresh 75% of its products

• To maintain the current product line

• To introduce only electric vehicles

Which factor is NOT mentioned as affecting Ford's business?

• Consumer sentiment

• Interest rates

• Weather conditions

• Trade conflicts

How many jobs have been created under the current administration according to the transcript?

• 3 million

• 5 million

• 2 million

• 4 million

What is the estimated cost of Ford's restructuring plan?

• $11 billion

• $8 billion

• $5 billion

• $15 billion

What external factor is mentioned as having impacted Ford's business model in Europe?

• The Eurozone crisis

• Brexit

• The US-China trade war

• The COVID-19 pandemic