The auto industry is about to go through a major transformation -- the biggest I've ever seen -- and new technology is driving it. For the first time in more than a century, some of the most fundamental and enduring elements of the automobile are being radically transformed. If you look at a car on the 100th anniversary of the Model T, yes, it has evolved dramatically, but it still has a gasoline engine, is sold through a dealership, and has four wheels. Now the pace of change has really stepped up. Electric vehicles are starting to take off. Later this year we'll launch an entire line of electric cars globally, starting with an all-electric Ford Focus, followed by a plug-in hybrid and an all-electric version of the company's new global C-MAX vehicle, a sporty five-seater.
