Former Ford CEO on how coronavirus outbreak affects auto industry

Mark Fields, former Ford CEO, joins 'Squawk Alley' to discuss the impact automakers are seeing from the coronavirus outbreak.



Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

Connect with CNBC News Online

#CNBC
#CNBC TV

[fakename]

It's not Coronavirus, it poor people not buying cars. Genius!

[sarin]

Sure...I won't lose my job anytime soon and I'm willing to buy a new car if I need a new one, but not just at any price they sell it for.
It's a buyer's market now and if you want me to spend my money on your product, then come with a good offer; and I mean a GOOD offer not some half-ass deal!
In a seller's market the companies determine the prices but in a buyer's market, the customers set the terms... or you won't make any money!

[mysteryarts]

State of emergency but Washington State/king county will NOT cancel stadium games or schools (with thousands of possible a-symptomatic spreaders to parents elderly and teachers), and has yet to test people with symptoms, but amazon and Microsoft workers (mostly in their 20's and 30's) they can stay home?! It's ridiculous.

[dennisn]

Save your money. New cars aren't worth it. Junk right off the lot. That's why they depreciate $5000 as soon as you sign the dotted line.

[johnberry]

If they built cars as good as the Japanese maybe they would sell their junk!! My GM was in the shop 8x the first year I owned it! Dealership eventually refused to fix it. Literally had parts falling off of it with less than 1000 miles on it!! Dumped it at the dealership and bought a Honda Civic. The best car I have ever owned in 25 years period!! The Japanese put quality first to ensure return costomers. My family will NEVER buy another American made car again.

[tiffanysgottimetoday]

Cuz we won’t need a vehicle we will be dead 💀

[kornpop]

how come my FORD has lots of bugs nobody there can cure?

[BD-tmig]

Supply chain China Q1 and slowdown Q1 and Q2 in US and EU.

[justenough]

Ford needs to find a buyer for itself, like Tonka trucks. so they can learn how to build a decent Truck.

[greetingsearthlingsmynamei]

Titanic hits iceberg.

Stock market sells ice cubes.

People buy them.

[angelolmeda]

Stop making rich people richer don’t buy new cars they are overpriced

Where would Ford be now if it wasn't for pretty boy Mark Fields?

[webdeuce]

Mark Mustang —-sell the stock options u got .... 6.50 will look damn good in a month luv the hair bbraaaa....

[maggiepena]

I am glad that the automakers loosing money and I don’t mean the small car sale business. I mean the big ones. These car dealers no matter how much discount they give these cars are to expensive. It’s ridiculous that the cars coast as much as a home. Only crazy people that don’t even have a great job or even own their own homes buy these 60 or 80 k dollar cars. Never put money on a car with that price tag where you will never see a profit. When I see people driving cars that coast that much or more. I am like well their throwing their money away and making these auto dealers more rich. I have never bought a brand new car nor would I ever give my money to them. I rather have my own home put money into it and get a profit out of it. With a car that wouldn’t happen. An use car will take you from point A to point B just the same. The last time that big money bail out to help these big businesses they pocketed the money and took big bonus as if they needed money while the had billions already. Don’t buy expensive cars every car needs work to run smoothly just like our bodies need work to do the same. Who cares what rich people have. These cars are expensive for most people’s budgets. A home can give you a profit a car will never. Their to greedy asking for so much money. Live within your means spend smart.