Ford CEO Jim Farley said that the US must carefully weigh how and whether Chinese automakers should enter the American market, and pointed to Europe as a cautionary tale.
Farley said at an Automotive News conference on Tuesday that the US must “be extremely careful around how the Chinese OEMs come to our country,” and cited the pressure on Europe’s auto industry as Chinese imports quickly grab market share there.
For European countries, “it’s too late,” he said.
Farley said Ford will partner with Chinese companies when the situation is capital-efficient and in areas where the automaker lacks expertise. Ford, for example, partners with Chinese battery maker CATL to make lower-cost batteries at a Michigan plant.
If American car makers want us to buy American cars…. Maybe they should stop making shitty cars.
They would need a new, less-profitable business model. In seriousness, it is almost too late. If Chinese and American governments stopped all trade barriers and subsidies, I bet American car companies get blown out of the water.
They had the advantage for a time and squandered it - now would be playing catch up
I bet it wouldn’t be quite as competitive if china also stopped the subsidies. Maybe it with American cars, those are dogshit, but euro and other Asian cars.
Neither America nor China are particularly saintly when it comes to fair trade practices.
Competition from Japanese car manufacturers was the best thing that ever happened to American car buyers. Even if you’ve never owned a foreign car, the domestic car you drove was better because of it.
Ford also ended production of their entire line of cars with the exception of the Mustang in 2022 and only makes trucks and SUVs now. They say its because those don’t generate enough profit.
If Ford won’t serve the market segment, they shouldn’t have any say if another company can do so or not. The reason Ford is fighting is because this is the exact pattern that Japanese car makers used in the early 70s during the … wait for it… oil crisis. Nissan (Datsun), Honda, and Toyota all started with small economy cars and all are recognizable brands demanding large market shares of the American auto market. The irony is that these Japanese auto companies probably employ more Americans making cars than the “American” auto makers which have shifted production to other nations like Mexico, Canada, and China.
If Ford won’t produce what Americans want to buy, I’m okay with letting Chinese companies take a shot at it here in the USA.
Fuck off, Ford. Your company did this to itself. You could change course at literally any time.
Free market absolutists, amirite?
same party that’s cutting back regulation on everything else
We got diarrhea lettuce now, mad cow hamburger and lord knows what else thanks to the cutbacks.
But the real regulation we need is on those Chinese automobiles
smh. we’re not even really capitalists we’re just a shithole country ran by traitors and lunatics voted in by dumpster people
