Ford CEO Fields: Staying Focused on Products, Mobility

Ford's quarterly earnings exceeded analyst forecasts but were down year-over-year. Mark Fields, CEO of Ford, discusses factors affecting earnings, including the Super Duty launch and a recall. Despite challenges, Ford saw profitability in Europe and record earnings in Asia Pacific. The company maintains its guidance for the year and focuses on emerging mobility areas. Investments in mobility, such as the acquisition of Chariot and plans for autonomous vehicles, are expected to impact future earnings positively.

What were the main factors that impacted Ford's earnings in North America?

• Higher labor costs

• Decreased demand for SUVs

• Super Duty launch and door latch recall

• Increased competition

Which region showed a significant improvement in profitability for Ford?

• Africa

• Australia

• Europe

• South America

What is Ford's guidance for pre-tax income this year?

• $10.2 billion

• $9.5 billion

• $11.0 billion

• $8.5 billion

What strategic move did Ford make in the mobility sector?

• Acquired a shuttle service called Chariot

• Partnered with a tech company for AI development

• Launched a new SUV model

• Opened a new manufacturing plant

When does Ford plan to introduce a fully autonomous vehicle in a ride-sharing service?

• 2021

• 2023

• 2020

• 2022