Ford CEO: Dumb cars will disappear from the market, smart ones won't

Ford CEO: Dumb cars will disappear from the market, smart ones won't: As long as the brainpower of cars can keep up, they aren’t going to disappear from the market, Ford Motor Co’s top executive says. He thinks Ford’s future isn’t in giving up on cars, it’s in giving up on the dumb ones.



Hackett, who became Ford's CEO when his predecessor was ousted in May, is pushing to accelerate the automaker's moves into connected, electric and self-driving cars around the globe. Ford announced on Wednesday a joint venture to manufacture and sell a new line of battery-powered carsin China after making a similar move in India earlier this fall. So far, the shifts into new mobility areas have done little to reverse a three-year stock slide as investors perceive the automaker as lagging behind General Motors Co.

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