Ford CEO Sees ‘Pressure’ on Business Without Softer Fuel Rules
- Carmakers introducing more EVs but sales are flat, Fields says
- Ford will turn to Trump for mid-term review Obama promised
Mark Fields, president and chief executive officer of Ford Motor Co.
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
Ford Motor Co. plans to lobby President-elect Donald Trump to soften U.S. and state fuel-economy rules that hurt profits by forcing automakers to build more electric cars and hybrids than are warranted by customer demand.
“In 2008, there were 12 electrified vehicles offered in the U.S. market and it represented 2.3 percent of the industry,” Mark Fields, chief executive officer of Ford, said in an interview at Bloomberg’s Southfield, Michigan, office Friday. “Fast forward to 2016, there’s 55 models, and year to date it’s 2.8 percent.”