Ford Motor Company Chairman Bill Ford, great-grandson of Henry Ford, is hopeful President-elect Trump and Elon Musk will help the American auto industry.

Ford Motor Co. Chairman Bill Ford said Elon Musk’s relationship with President-elect Donald Trump won’t hurt legacy automakers and that Trump has a better grasp of the industry than during his first term.

President-elect Trump understands the U.S. auto industry better now than he did during his first term, says Ford chairman Bill Ford, who's hopeful that Tesla CEO Elon Musk will use his close relationship with Trump to advocate for all automakers.

Ford Motor Company kicked off the Detroit Auto Show one day before the Media Day and Charity Preview with an event inside Huntington Place. It featured an appearance by the Detroit Lions' star quarterback Jared Goff.

Ford Motor Co. used its kickoff Thursday evening of the Detroit Auto Show to express its commitment to the event that for decades has made Detroit a destination, unveiling two special-edition Mustangs.

Developed with racer Vaughn Gittin Jr.'s Mustang tuning firm RTR, the factory-tuned pony car is expected to offer more power and performance than the stock model.