Ford CEO: Auto industry is being underestimated

Jim Cramer discovered a curious disconnect with the auto industry and wondered if it could be a sign of an impending recession.

For months, the stocks of automakers have been crushed, even as car sales have reached record levels. Cramer thinks this could be due to investor fears that the industry could be peaking in the United States.

To gain further insight, he spoke with Ford Motor Company CEO Mark Fields. Ford just reported a very strong quarter, but the stock is down 18 percent for the year.

Mark Fields, CEO of Ford Motor Co.

Adam Jeffery | CNBC
Mark Fields, CEO of Ford Motor Co.

“We think people are underestimating the health of the U.S. industry.”

[“source -cncb”]