Ford Motor Company CEO Mark Fields remarked yesterday that the automaker is “always open to talking with others” about partnering on small cars. According to Reuters, Fields was asked in a conference call about Fiat Chrysler Automobile’s recent decision to discontinue both the Dodge Dart compact and Chrysler 200 midsize.
Mark Fields did not directly address whether Ford would partner with FCA on future product. He said that Ford was open to such an idea “because we realise that we have to be very realistic around what is the type of revenue that these vehicles will be able to command and make sure we have an appropriate cost structure to earn a reasonable return.”
The market for small cars has generally shrunk over the past years, and production of Ford’s own Focus compact and C-MAX multi-purpose vehicle will be shifted away from the Michigan Assembly Plant due in part to slow sales.
CEO Mark Fields went on to say that the automaker first tries to determine whether Ford itself can meet a “need in the marketplace.” He continued: “In other cases we can say, listen, there are other great companies out there that we can approach and partner with.”