Everyone with even a passing interest in cars knows that the Ford Model T pretty much started it all, so when the company's current CEO, Jim Farley, declares that a “new Model T moment” is ahead, it's ...

Mary Cunningham is a reporter for CBS MoneyWatch. Before joining the business and finance vertical, she worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program.

Ford plans to invest billions in new electric vehicle production, calling it the company’s “next Model T moment.” Ford said Monday it will invest $5 billion into a new assembly line and battery ...