New Ford CEO says company will balance present with future


DETROIT (AP) — The new CEO of Ford Motor Co. says the company isn’t taking its eyes off the present as it prepares for transportation in the future.

Jim Hackett says new mobility projects such as buying a shuttle company and the purchase of an artificial intelligence startup have not taken money from car and truck development.

Responding to criticism from dealers and investors about an aging product lineup, Hackett says that more new vehicles are in the pipeline that will make dealers happy. He didn’t give specifics.

Hackett spoke briefly to The Associated Press from the San Francisco area, where he is attending a Ford symposium Thursday about using technology to help cities deal with increased traffic.