The Detroit Auto Show is now open to the public, and "CBS Saturday Morning" gets a first-hand preview with Ford CEO Jim Farley.

Detroit

At the Detroit Auto Show, automakers highlighted the growing challenge of vehicle affordability as the average new car price surpassed $50,000 for the first time. Trucks and SUVs dominated the exhibition, while electric vehicles took a back seat due to industry cutbacks in EV investments.

Ford announced new initiatives, including the launch of the Bronco RTR and a partnership with Carhartt to train skilled workers, aiming to make vehicles more accessible. Industry leaders emphasized the need to produce affordable options, with Ford's Maverick cited as a best-selling, lower-priced model amid rising costs and evolving consumer preferences.

Affordability takes center stage at Detroit Auto Show

Kicking off the Detroit auto show, Ford leaned into its popular Bronco line, announcing the Bronco RTR, a performance edition of the hearty SUV. Throughout the exhibition hall, trucks and SUVs reign supreme, while electric vehicles take a less prominent role as U.S. automakers have written off tens of billions of dollars in EV projects. Well, hi, everyone, and thank you all for joining us. Ford CEO Jim Farley. The American customers want less carbon footprint vehicles. Just they're going about it a little differently than everyone thought, including the regulations. So hybrid is not what it used to be, like a super efficient one thing. We can now use it for energy storage, for energy exports. We can put it in off-road. We can make it for performance vehicles. And I think you're going to see that across our industry. Did Americans just not want EVs? No, I think the EV market is really vibrant. And people buy EVs. They do not go back to combustion vehicles. But it's only 8% of our industry. But it's 8% of our industry. That's not small either. And it's probably going to grow. People want EVs where there's an economic advantage. They are going to do the math in their pocketbook. If that EV is cheaper to operate, they're going to buy it. If it's more expensive to operate, they're not going to buy it. So it's on us as an industry to make affordable EVs. We met up with Dave Vanderwerp, car and drivers testing director and longtime Detroit Auto Show attendee. It's pretty chaotic right now. And all these automakers have been working really hard on EVs for the last 5 to 10 years. And now it's hard to pivot quickly in the automotive industry. It's almost a bit of uncertainty that hangs over this show as to what the future is. Yeah. But we're seeing, obviously, EV sales are down. There's a lot of new non-EVs, and some of which are pretty affordable. Still, the market seems to be marching full speed ahead toward trucks and SUVs. And that doesn't seem to be mitigated at all. Many of those big trucks and SUVs taking center stage are very expensive, some pushing six figures. How concerned about affordability is Detroit? I think everyone's concerned about it. Perhaps for good reason. The average price of a new car topped $50,000 last year for the first time as a growing number of Americans are choosing to finance car purchases for longer, up to seven years. Is there an affordability problem? I think that there is no doubt that a company like Ford is going to allocate more capital to a more affordable lineup. No doubt about it. I wouldn't say it's a crisis of affordability. It's like, I think the customer's kind of up to here. And we now need to make a more compelling offer at the lower price point. We're the best-selling, fastest-turning vehicles in Maverick. It's our most affordable truck. Why did cars get so expensive? A lot of reasons. We saw all the parts getting more expensive. You know, we're the number one producer in the U.S. We make 80% of what we sell here. And our supply chain got more expensive over the last couple years. And a lot of it is technology and safety, and a lot of it is just everything's more expensive. Ford also announced a partnership with clothing maker Carhartt to train local workers for skilled labor positions that have become hard to fill as the automaker starts a new push to make the expensive affordable. 2026 is going to be a pretty interesting year in the car business. And to keep American car buyers in the driver's seat.

Ugandan President Yoweri Museveni won his seventh term with 71.65% of votes, according to official results Saturday, defeating the youthful challenger who campaigned for change after four decades of the same government.

Kampala

Uganda's President Yoweri Museveni wins seventh term

There will be no territorial concessions in Ukraine, the Ukrainian president said, answering Euronews' question on whether Kyiv is now being pressured into territorial concessions.

Brussels

Ukraine Invasion

Ukraine will not cede any of its territory, Zelenskyy says

The United States on Thursday said Iran halted 800 executions of protesters under pressure from President Donald Trump, after Gulf allies appeared to pull him back from military action over Tehran's deadly crackdown on demonstrations.

Tehran

U.S. claims Iran halts executions of protesters amid crackdown

Venezuelan opposition leader María Corina Machado met with President Donald Trump on Thursday at the White House. She presented Trump with her Nobel Peace Prize medal, which was seen as a peace offering to win his support.

Washington

Venezuela Strikes

Venezuelan opposition leader presents Trump with her Nobel Peace Prize

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Nuuk

NATO troops head to Greenland amid Trump's threats

NASA says it could be just weeks away from launching astronauts on a flight around the moon for the first time in more than half a century. Final preparations are underway at Kennedy Space Center in Florida, where the Artemis II moon rocket is expected to roll out to the launch pad on Saturday.

Cape Canaveral

Final preparations for Artemis II launch underway

A South Korean court on Friday (January 16) sentenced former President Yoon Suk Yeol to five years in prison on charges that included obstructing attempts by authorities to arrest him following his failed bid to impose martial law in December 2024.

Seoul

Five years' jail for South Korea's Yoon in first martial law penalty

US President Donald Trump is threatening to use military force against Americans after clashes between protestors and law enforcement in Minneapolis. The city has been on edge since the fatal shooting of a protester, Renee Good, by an ICE officer.

Minneapolis

Trump threatens to use military against Minneapolis protests

The U.S. and Taiwan clinched a trade deal that cuts tariffs on many of the semiconductor powerhouse's exports, directs new investments in the U.S. technology industry and risks infuriating China.

U.S., Taiwan strike deal on tech tariffs risking China's ire

The United Nations Security Council has held an emergency meeting to discuss the deadly anti-establishment protests in Iran at the request of the United States. President Donald Trump has refused to rule out military action on Iran over the killing of protesters. Tehran has vowed to retaliate if that happens.

Iran, U.S. clash at UN over protests as calls grow for restraint

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Tensions flare in Minneapolis after second shooting by ICE agent

Ali Shaath, the Palestinian former government official chosen to administer Gaza under a U.S.-backed deal, has an ambitious plan that includes pushing war debris into the Mediterranean Sea and rebuilding destroyed infrastructure within three years.

Tel Aviv-Yafo

U.S. backs Palestinian civil engineer to administer Gaza

The U.S. has announced the launch of the second phase of President
Donald Trump's peace plan in the Gaza Strip, which will involve moving from a ceasefire to demilitarization.

Jerusalem

Middle East Conflict

Gaza deal's second phase to begin

CBS News met with fighters from an armed and outlawed Iranian opposition group in the mountains of northern Iraq who said the protests in Iran have given them hope. They believe the regime can be toppled "if the people who are demonstrating on the street get international help."

Iranian opposition group says protests give hope to topple regime

Ukrainian President Volodymyr Zelensky said Wednesday a "state of emergency" will be declared in the energy sector, after relentless Russian strikes on heat and electricity supplies during freezing winter temperatures.

Kyiv

Ukraine: Zelensky declares energy emergency after Russian strikes

Military personnel from several NATO countries including Germany, France, Sweden and Norway headed to Greenland on Thursday as Denmark and its allies prepared ⁠for exercises to try to assure US President Donald Trump over its security as he pushes to acquire the island.

Several European countries and NATO allies send troops to Greenland

Elon Musk's artificial intelligence company xAI said late on Wednesday it imposed restrictions on all users of its Grok AI chatbot that limit image editing after the service produced sexualized images that sparked concerns among global regulators.

California

Musk's xAI curbs Grok image editing after concerns

Protests in the U.S. city of Minneapolis as another person's been shot by an immigration officer.

Protest erupts in Minneapolis after ICE agent shoots man during raid

The United States has completed its first sale of Venezuelan oil, generating around $500 million, a US official said Wednesday, the first major energy transaction since Washington’s dramatic intervention in Venezuela earlier this month.

United States completes first sale of Venezuelan oil

Denmark says fundamental disagreements remain with the US over the future of Greenland. President Donald Trump has said he wants to take over the territory 'one way or another', arguing anything short of full American control is unacceptable.

Greenland, Denmark say Trump set on ‘conquering’ territory after meet

Republicans in the Senate killed a resolution on Wednesday that would have put limits on President Trump's ability to take action in Venezuela. Vice President JD Vance had to step in to break the 50-50 tie.

Senate Republicans kill war powers effort to limit Trump on Venezuela

U.S. Vice President JD Vance and Secretary of State Marco Rubio hosted foreign ministers from Greenland and Denmark as President Donald Trump continues to insist on a U.S. takeover of Greenland.

Vance and Rubio meet with officials from Greenland and Denmark

At least 30 people were killed when a construction crane collapsed onto a moving train in northeastern Thailand, at the site of a planned high-speed rail project intended to eventually link China with much of Southeast Asia.

Sikhio District

At least 30 people killed in Thailand train derailment

Tehran has warned neighbors hosting U.S. troops that it would hit American bases if Washington strikes, a senior Iranian official told Reuters, as Iran seeks to deter Donald Trump's threats to intervene on behalf of protesters.

Iran warns neighbors it could hit U.S. bases if Washington strikes

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Ottawa

Trump says he doesn’t need Canadian goods or the CUSMA

United States President Donald Trump says he has cancelled all meetings with Iranian officials and has told protesters to “take over your institutions” amid Tehran’s crackdown.

Trump cancels Iran meetings, urges protesters to take on institutions

Around 2,000 people including security personnel have been killed in protests in Iran, an Iranian official said, the first time authorities have acknowledged the high death toll from an intense crackdown on two weeks of nationwide unrest.

Iran official says 2,000 killed in nationwide unrest

Former President Bill Clinton is refusing to appear before the House Oversight Committee to testify as part of its investigation into Jeffrey Epstein. CBS News congressional correspondent Nikole Killion has more.

Bill Clinton skips Epstein deposition on Capitol Hill

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Vero

Ex-Corsican nationalist leader Alain Orsoni killed at mother's funeral

Far-right leader Marine Le Pen, who needs to have a graft conviction overturned to seize her best chance at the French presidency, risks seeing her life's work upended if she loses her appeal. It comes after a French court last year barred her from running for office for five years over a European Parliament fake-jobs scam involving her and other officials from her National Rally party.

Breakdown