economy
Ford CEO discusses auto industry affordability amid rising gas prices and economic uncertainty
The average cost of a new car is about 30% more expensive than 2019, data shows. Ford CEO Jim Farley spoke with "CBS Saturday Morning" about how the car company is tackling affordability amid economic uncertainty and rising gas prices.
TL;DR
- New car prices are about 30% higher than in 2019.
- Ford CEO Jim Farley addressed affordability challenges.
- The discussion took place during a period of economic uncertainty and rising gas prices.