Ford Motor Co. has been making automobiles for more than a century, but only now are the company’s products on the brink of monumental changes, according to Executive Chairman Bill Ford Jr.
“The car as we know it, and how it’s used in people’s lives, is going to change really dramatically and it’s going to change fast,” said Ford.
The great-grandson of the company’s founder, Ford was in Los Angeles on Tuesday speaking at the annual Milken Global Conference about the future of his company and the transportation industry.
“Here we stand on the cusp of a series of revolutions,” Ford said. “The car is really becoming a rolling group of sensors.”
In addition to sweeping changes to how the car moves -- electric power, hybrid drivetrains, and alternative fuels such as hydrogen -- cars will soon drive themselves and communicate with one another. And it will all happen sooner than you might guess.