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Ford CEO Tamps Down Expectations for First Autonomous Vehicles

  • Initial self-driving vehicles will have narrow applications
  • Hackett says technology will eventually be ‘really powerful’
Bloomberg business news
Race To Build Self-Driving Cars Accelerates

Too much hype has built up about how soon self-driving cars will hit the road, but they will ultimately change the world, Ford Motor Co.’s chief executive officer said.

“We overestimated the arrival of autonomous vehicles,” Jim Hackett said Tuesday at a Detroit Economic Club event. While Ford’s first self-driving car is still coming in 2021, “its applications will be narrow, what we call geo-fenced, because the problem is so complex.”