Key Takeaways:

• Bill Ford expresses confidence in Trump's understanding of the auto industry post-election.
• Ford had a productive conversation with Trump addressing tariffs and manufacturing concerns.
• Despite Musk's close ties to Trump, Bill Ford believes both companies can coexist and thrive.
• Ford recognizes the importance of affordability for EVs amidst competition, especially from China.

In a recent statement, Ford Motor Co. Executive Chair Bill Ford voiced his confidence in the future of the automotive sector under the new administration of President-elect Donald Trump. In an interview with USA Today, Ford described a recent phone call from Trump as an indicator of the administration's commitment to the industry, highlighting their discussion on tariffs and the critical need for a strong American manufacturing base.

“We had a long, long conversation,” Ford remarked, reiterating Trump's improved grasp of the auto industry, which he deemed essential compared to his previous term where he often clashed with automakers over labor and regulatory issues. “He understands the importance of our industry and Ford in the industry,” Ford emphasized, indicating that Trump's evolution in understanding will positively impact the company. This comes at a time when there are concerns regarding potential tariffs on vehicles and imported parts, which are vital to Ford's operations.

Additionally, Ford addressed the relationship between Trump and Elon Musk, CEO of Tesla. While acknowledging Musk's close ties with Trump, Ford expressed that he is not worried about how this relationship could affect traditional automakers like Ford. In a statement made to the media at the Times of India, he noted, “Both our companies are aligned on many important issues, including the future of manufacturing and the overall direction of the automotive industry.”

With growing competition from companies like Tesla and Chinese electric vehicle makers, Ford stated that the challenge is less about technology and more focused on affordability. “We are working really hard on that,” he assured, reinforcing Ford's commitment to making EVs more accessible to consumers.

Overall, Bill Ford's remarks signal optimism for Ford's position in the evolving automotive landscape as they navigate challenges posed by tariffs, competition, and partnerships in the industry. The forthcoming year appears pivotal for Ford, emphasizing quality improvements, strategy alignment, and the importance of a collaborative effort with the new administration to enhance the American auto sector.

To read more on this story, see the full article on USA Today and Times of India.