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Incoming Ford COO Mark Fields on the potential impact of the fiscal cliff on the company and the company’s new vehicles at the Los Angeles Auto Show...
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The LA convention center is a motor heads dream today it's the first auto show of the brand -- model here in Ford.
Is making a few new introductions we always want to see these -- and you got the incoming chief.
Operating officer right.
Yes as of Saturday as a matter of fact and you know they do have a lot of big introductions that's -- new souped up fiesta.
And if Lance spins around to see -- green when there's a three silver fiesta there's a beautiful Lincoln exhibit here.
We've got a transit connect -- to show you but.
People are more interest to today.
In the introduction of mark fields spend any of these vehicles because he is the master of all these vehicles.
Personal congratulations on Saturday becomes official parade up thank you so much and just so honored to serve in this role for forward so you've -- such a great job in the Americas and help you gotta go fix European got to go straighten out that Far East and the rest.
Well we got a great team -- we got a great plan and now it's comes -- occasion and we're just gonna stay really focus going forward let me take a left turn and ask you about the economy and ask you about the fiscal cliff.
Are you making plans right now.
For -- to.
Downsize production if we get a serious problem.
Well we are process where every month -- looking at production so no matter what happens whether the fiscal -- to solve they're not will be able to react.
But very -- and anything in the short term -- for right now no we're keeping our our current strategy of keeping our production in line with demand.
And if we see some things happen with the economy because of the fiscal -- we will adjust our production either way okay to the introductions.
That is a fiesta that now has how many cylinders that is a fiesta that has a three cylinder one liter engine.
That gets a 102 point three horsepower and puts a smile on your face when you draw is that enough cylinders absolutely -- it -- out you know it's very stickers in the past.
People used to define their cars by how.
Big displacement was in the engine and how many cylinders they have.
Today about fuel economy and performance spin me around here you have also got 88 souped up fiesta as well solved and innovative in fairness in the Booth sales that -- -- -- supporting him.
Well they're they're going according to -- point 'cause remember we now have the focus as well last year we only have the PS2 had very limited -- -- competition from yourself.
What exactly but overall we're growing our small car business which is what our plan has been all that we were taken a look here at this new transit connect -- this is a -- know what you call this but this is now for peaceful this is not for.
Moved you know industry exactly this is -- you can't categorize this vehicle and what we think is we have a really stylish alternative.
To a conventional -- -- people mover.
We offer this and five and seven passenger seat yet.
Lot of comfort.
But look at this design -- must account.
This is gonna get thirty miles per gallon while real quick run me over here -- know you're in good shape you're better shape than I am so -- Berkus are really wanna see this.
You're really trying to.
Well we could -- Jersey boys know how to run to get away from the cops.
This is the Lincoln exhibit.
Of your -- -- you re invigorating the Lincoln brand and to do that in -- come over here this was Elizabeth Taylor's car built for her.
Back in the fifties right this is a piece of art and you're exactly right and what we're doing with the Lincoln brand in terms of reinventing it for the 21 century it's going back to our roots of having cars that have -- eight design.
Up -- view and a -- took them that you don't get what other vehicles since you are car guy.
-- the end of the day you gotta love this business if you don't love cars then you shouldn't be in this business and love cars.
Mark fields floats cars he is in the business and he is ascending to the very top of the business great to see again congratulations.
Thanks good to see good Jersey -- making good.
We're all proud have you back -- -- -- -- you -- there you go ago was well tell -- going down the road map -- -- -- Sunset Boulevard park avenue there is some kind of just -- in Cleveland you can really wow I -- -- thank Jeff thank you mark fields Dow Jones and just.
