Mark Fields, president and CEO of Ford Motor Company, said on Monday that it intends to mass-produce affordable electric vehicles. Fields, in an interview with Yahoo Finance, emphasized that Ford has the capability to make electric cars with a strategy different from that of Tesla Motors.
Revealing the company’s intentions to produce reasonably priced electric cars, Fields pointed out that the Dearborn, Michigan-based automaker has a full line of electric vehicles that have performed well in the market place so far. Fields also said that Ford is not interested in buying Tesla, despite ongoing speculation that both Ford and General Motors Company are keen to acquire Tesla. Tesla Motors, led by CEO Elon Musk, is reportedly struggling to ramp up demand for its Model S sedan, but has rejected such concerns.