Ford Rolls Out New 2015 Mustang

Rebecca Jarvis talks with Alan Mulally on Ford's innovative technology, the future of Ford and the economy.
3:00 | 12/05/13

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Transcript for Ford Rolls Out New 2015 Mustang
Ford is celebrating mustangs fifty year milestone. By unveiling the new 2015 model. -- not say how much the new fuel efficient car cost but. We -- the current one starts at around 23000 dollars. BC's chief business correspondent and host of real is Rebecca Jarvis caught up with Ford's CEO Alan Mulally. Let's listen but that you must -- -- about as new. Thirty years ago in New York City. We introduce the -- -- and it changed the automobile industry as -- first time. The people can actually afford to buy a sports car they had great until it lets your favorite feature. Well there's a few things I really love about it one. Is the sleek styling is just absolutely elegant. The second is innovate technology and the cockpit is inspired by deviation from the 51 mustang as well as a mistake. You must -- had a role in the coming for well I do have a bit of an aviation background. Everyone now is talking about electric cars and it's under. In our lifetime we -- see an electric must I could imagine that -- want to give you the power of choice. The power of choice. You're gonna have some choices in front of you coming -- hearing your own life and there have been some conversations that Microsoft's. Could be an option when he's at that you think you're going to be running Microsoft some thank I loved serving court. So all is that right now by -- certainly important I have no -- -- -- plan. -- -- that -- your answer for now but I'm sure we'll be talking about it again in the future what's your view on we're in the mind of the American consumer's right now. Well I think it's it's a pretty good place because. The economy -- continue to expand. In the automobile industry is expanding with to your point we're probably get an in -- around sixteen million units this year in the United States. -- anything about the United States is the average age of vehicles nearly eleven years old. Why do you think it is that Americans are so excited about. Upgrading the Smartphones and upgrading the tablets in the TVs but it's taken eleven years on average for us to upgrade our cars. Well I think we have been through. An unbelievable financial crisis. And -- very understandable that people would pull back next to their home. Our cars and most significant purchase that they may think the most important thing is that we all keep this economy. Growing and expanding do you think you'll be hiring next year. Yes we are we we think we'll be hired nearly 151000 people -- over the next couple years. So you are bullish on in terms of the jobs recovery here -- and -- playing a -- and we'll have salutes. Part -- Elena holly drive weeks. Alan Mulally drives a different car every night. It's a combination of Ford vehicles -- the loss -- our competitors so we benchmark all of our vehicles against the best in the world and so so fun to personally check them out. All right Allan thanks so much for joining it.

This transcript has been automatically generated and may not be 100% accurate.

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