Ford's CEO says he's ready for the era of Trump tweets
Pablo Martinez Monsivais/AP
After the numbers were announced, Ford CEO Mark Fields took questions from analysts and the media on a conference call.
At the end of the call, he was asked by a reporter about President Donald Trump's tweets and their potential to affect markets and share prices.
"I feel good," Fields said, insisting that the automaker keeps an eye on the "external environment" around its operations.
"It's been the way we've been running this business for years," Fields added. "Whether it's a tweet or a market disruption or a natural disaster, we're going to be ready. It keeps us riveted on our business."
Ford and Trump tangled during the presidential campaign about the carmaker's plans to move low-profit small-car production to a new plant in Mexico.
After the election, Ford said that it was canceling the new plant and instead investing $700 million in an existing Michigan factory. At the time, Fields told Business Insider that wasn't as a result of pressure from Trump, but because the automaker decided that it didn't need additional global small-car capacity.
Fields has met several times with Trump in the past week, and the auto industry as a whole seems pleased with the new President's plan to cut regulations and lower corporate taxes, even as he threatens a border tax on vehicles manufactured outside the US and then are imported for sale here.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- India legend Yuvraj Singh named ICC Men's T20 World Cup 2024 ambassador
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market