PREVIEW

Ford CEO Warns US Over Chinese Automakers, Says Europe Is Too Late. Ford CEO Jim Farley warned America to carefully consider whether Chinese automakers should enter its market. He pointed to Europe as a warning, saying Chinese imports have rapidly captured significant market share. Farley said Europe may already be too late to prevent deeper pressure on its automotive industry. Ford will still partner with Chinese companies where cooperation saves capital or provides missing technical expertise. The automaker currently works with CATL on cheaper batteries and Geely on electric vehicles for Europe. Farley said Ford can cooperate with Chinese firms while also competing directly against them globally worldwide. China is expected to export around 12 million vehicles this year, quadrupling volumes recorded in 2022. The US currently limits Chinese cars through high tariffs and restrictions on Chinese-made vehicle software systems.
Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT