Ford's CEO and CFO took a drive in a Chinese EV. What they said next reveals a lot about the state of the US auto industry.

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electric_vehicles·Electric Vehicles including hybrids and plug-insbyschizoidman

Ford's CEO and CFO took a drive in a Chinese EV. What they said next reveals a lot about the state of the US auto industry.

https://www.businessinsider.com/ford-ceo-cfo-left-shocked-after-chinese-ev-test-drive-2024-9?op=1Open link View original on lemm.ee

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MeepMorp

lemmy.world

"Jim, this is nothing like before," Lawler told Farley, per The Journal.

"These guys are ahead of us," Lawler added. Farley's fears were piqued again in May when he made another trip to China, The Journal reported.

"John, this is an existential threat," Farley told Ford board member and former Goldman Sachs executive John Thornton after his trip.

SpacePirate

lemmy.ml

50MYT reply

aussie.zone

Publicly*

Ford has known about this for a few years already

ChonkyOwlbear reply

lemmy.world

Considering Chrysler stopped making sedans in 2016 and Ford stopped in 2018, I think they were well aware how far China was ahead. They didn't even bother trying to compete and just make cars for people who will take the longest to make the switch to electric.