A large part of future cities will be autonomous vehicles. Ford expects to offer a vehicle with no gas pedal or steering wheel and no need for the passenger to ever "take control of the vehicle in a predefined area that's been mapped," Fields claimed.
Ford also announced its new F-150 pickup, as well as the return of the Ranger pickup in North America in 2019 and the return of its Bronco globally in 2020.
"This year, the expansion of our business as an auto and mobility company moves into even higher gear," Fields said in a press release on Monday. "We're introducing even more new vehicles and technologies to make life better for millions of people in the near term, plus we're presenting a vision and partnering with cities to move more people even more efficiently in the future."
In the auto industry, companies have to make long-term investments that pan out in two or three years, Fields noted on CNBC.
This is in line with today's steadily changing environment in which companies should be "valued on having a point of view of the future and then making sure they're putting strategies and plans in place to be able to grow the business and create value of time," he explained.
Ford is looking at new business models in order to plan for the future, Fields said.
"For many years our business model was selling a vehicle every couple years," he noted. "Now our business model going forward is that, but also how about the usage of our product and how do we gain recurring revenues that maybe are more stable through cycles and are just added and accretive to our business."
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