Crisis Hits the Car Business, Again
Barron's Streetwise
Barron's
4.7 • 1.6K Ratings
🗓️ 17 April 2020
⏱️ 21 minutes
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| 0:00.0 | There were pundits who said, hey, your business won't be as big in the future because everybody |
| 0:06.2 | won't own a vehicle. |
| 0:07.8 | And let's just go to a place where you ask somebody, how do you feel about the impact of the virus and your own vehicle I mean I haven't got |
| 0:16.1 | any data for this but you know that dynamically people are going to want to keep control of |
| 0:21.8 | their own spaces in the future. |
| 0:25.0 | I'm Jack Howe. Welcome to the Barron Streetwise Podcast. |
| 0:28.0 | The person you just heard is Jim Hackett. He's the CEO of Ford Motor Company. |
| 0:33.4 | He thinks that in the near term the pandemic might change |
| 0:36.2 | how people view services like Uber and Lyft |
| 0:38.4 | versus owning their own cars. |
| 0:40.8 | We'll hear more from Hackett and some Wall Street analysts in a moment about how the virus and the dire downturn it has created for carmakers, dealers, service shops and more. |
| 0:51.0 | We'll change the car business for now maybe forever. |
| 0:55.6 | Hi Mina. Hi Jack. So I have a big victory to tell you about. |
| 1:04.0 | All right. |
| 1:05.0 | I found my keys, my car keys and house keys. |
| 1:09.0 | They were lost for two weeks. |
| 1:10.0 | My wife found them actually. |
| 1:11.0 | They were on the floor next to the patio door. |
| 1:14.0 | And it's particularly satisfying because I always leave my keys in the same place. I rarely lose them. |
| 1:20.2 | It's very frustrating when I do. I try to backtrack my steps. |
| 1:24.0 | I sometimes I blame other people who took my keys. Sometimes I get into a metaphysical discussion about how, you know, I know they're here, how can they be here and not be here at the same time. |
| 1:33.2 | It's very frustrating. |
... |
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