F Sep 2024 16.000 call
- Yahoo Finance
Ford CEO on the future of EVs, Detroit, and his relationship with Tesla's Elon Musk
Ford CEO Jim Farley sits down for a new edition of Yahoo Finance's 'Opening Bid' podcast, sharing why the auto giant has spent $1 billion to rebuild a Detroit landmark, and why he remains bullish on EVs.
- Yahoo Finance Video
Ford CEO on EVs, Detroit, and texting Elon Musk
"After 120 years, we've seen a lot of competition," says Ford CEO Jim Farley to Yahoo Finance Executive Editor Brian Sozzi in the grand hall of the newly refurbished Michigan Central station. The historic building is, in many ways, the crown jewel of the automaker’s new $1 billion Detroit-based campus. Ford’s 30-acre innovation district, centered around the station, will serve as a base for developing its autonomous and electric vehicle businesses. The development serves as something of an emblem for Ford’s (F) future ambitions, much of that, today, takes the form of the push into the EV space. "It was Bill Ford's vision to make the commitment to revitalize this building," says Farley. In a wide-ranging interview, Farley discusses everything from demand, the upcoming Presidential election... and whether or not Tesla CEO Elon Musk (TSLA) texts him back.
- Associated Press Finance
From decay to dazzling. Ford restores grandeur to former eyesore Detroit train station
The once-blighted monolithic Michigan Central train station — for decades a symbol of Detroit’s decline — has new life following a massive six-year, multimillion-dollar renovation to create a hub for mobility projects in the rebirth of the Motor City. The windowless hulking scavenger-ravaged structure that ominously shadowed the city's Corktown neighborhood is now home to Ford Motor Co. and the centerpiece of a sprawling 30-acre (12-hectare) mobility innovation district. The building's first tenant, Google’s Code Next Detroit computer science education program, is expected to move in by late June.
