Autos

Ex-Ford CEO says auto industry in ‘sweet spot,’ sees strong 2021 sales

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Former Ford Motor CEO Mark Fields told CNBC on Tuesday that the U.S. auto industry was “in a sweet spot” heading into 2021, following a better-than-expected recovery from the coronavirus pandemic.

“I think overall the industry is going to have a strong fourth quarter, and I do believe it’s going to be a strong 2021,” Fields said on “Closing Bell.” “The industry has been incredibly resilient, and it’s actually pretty healthy” despite a resurgence in Covid-19 cases and elevated unemployment levels, added Fields, who led Ford from 2014 to 2017.

Fields, now a senior advisor at private equity firm TPG Global, said one reason the auto market has been able to recover from a near standstill in the…



Source cnbc.com

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