The "Ford Uncovered Future Product Forum" held Thursday for journalists was a break in recent tradition for Detroit's second-largest automaker.
The abrupt firing of CEO Mark Fields last May was an indication that Ford's board of directors wasn't happy with progress in preparing the company for a turbulent and uncertain automotive future.
But the stock price of the company had barely moved under new CEO Jim Hackett, whereas Tesla's stock has stayed at lofty heights and even cross-town rivals General Motors and FCA have seen market capitalization increase of late.
Our coverage of the event included Ford's announced plans for new hybrids—every SUV it makes will have a hybrid variant, the company confirmed to our reporter—and what we know about its future 300-mile all-electric SUV (very little more than before).
After discussing the event with the rest of the Internet Brands Automotive staff, we've come up with five points that we think put "Ford Uncovered" in the proper perspective.
(1) It's all about stock price
The main reason Ford held this event wasn't out of the goodness of its heart.
It's because the company's stock price has lagged—likely one of several reasons CEO Mark Fields was shown the door last year.
The goal is to persuade Wall Street analysts and large institutional investors that the company has a grasp on a future that includes electrified vehicles, autonomous driving, connectivity of all sorts, and much more car-sharing.
No one knows how all that will play out in 10 years, but while Ford has expended lots of words about mobility over the last several years, it hasn't convinced the financial community.
Will Thursday's discussions of actual future Ford products and technologies work? We'll have to wait and see.
(2) Ford will be mostly trucks: cars will wane significantly, at least in North America
One of the most remarkable statements was that Ford will largely become a company of crossover utility vehicles, SUVs, pickups, and other light trucks, at least for the U.S. and Canada.
But that applies to the rest of the world as well, to lesser degrees. Europe and China too are buying more small crossovers in place of smaller hatchbacks, sedans, and wagons.
For the U.S., we know there will be an update to the Ford Fusion mid-size sedan. But don't be surprised if the Fiesta subcompact, Focus compact, and Taurus large sedan go away.
2018 Ford Fusion EnergiEnlarge Photo
If the Focus does survive, industry sources have suggested it may soon be imported from China—and perhaps the Fusion too.
Ford's SUV strategy, meanwhile, involves reallocating $7 billion from cars to SUVs and offering eight separate crossover and SUV models by 2020.
(3) Ford has a lot of catching up to do in hybrids and electric cars
We've commented before that Ford hasn't issued a single new hybrid, plug-in hybrid, or battery-electric vehicle since the 2013 model year.
We heard from two different sources that one of CEO Fields' first acts on taking over in July 2014 was to cancel all work on several future hybrid and plug-in hybrid models.
While we could never confirm those reports, the timing fits perfectly. Ford launched its Focus Electric for the 2012 model year, and four separate hybrid and plug-in hybrid models for 2013.
Those were the mid-size Fusion Hybrid sedan and the tall compact C-Max Hybrid wagon, along with an Energi plug-in hybrid version of each.
That puts it woefully behind not just crosstown rival General Motors, but most of the rest of the mass-market carmakers.
2018 Chevrolet Bolt EVEnlarge Photo
Meanwhile, General Motors has its 238-mile Bolt EV battery-electric car, the Volt plug-in hybrid, the Chevy Malibu Hybrid, a Cadillac CT6 Plug-In Hybrid, and more on the way.
Even Fiat Chrysler, whose CEO notoriously complains about losing money on every electric Fiat 500e California forces the company to sell, came out with the much-praised 2017 Chrysler Pacifica Hybrid minivan, actually a plug-in hybrid.
Then there's Toyota with its huge range of hybrids, the Nissan Leaf and more electric cars coming from Nissan, and the very aggressive plans of Hyundai-Kia for multiple entries using all forms of fully or partially electric powertrains.