Mark Fields, former CEO of Ford Motor Co., anticipates four major trends this year: the growth of electric vehicles, particularly in the U.S.; increased collaboration between automakers and their suppliers; continued online vehicle purchasing; and challenges with newer industry entrants that have recently gone public via special-purpose acquisition companies.
Fields, now senior adviser at TPG Capital, an investment firm in Fort Worth, Texas, and San Francisco, spoke with Automotive News Publisher Jason Stein during Automotive News' Shift Mobility Forum, which was part of CES in January.
Fields, 60, said many in the industry are navigating the technological complexities and cost-intensive requirements of each of these trends. Here are edited excerpts.
Q: What are some of the more significant trends that we need to be watching?
A: Electric vehicle volumes in the U.S. are going to rise significantly this year. The bottom line is, you have real pro…