Ford CEO Jim Farley urged the US to be extremely careful about how Chinese automakers enter the American market, citing Europe's auto industry as a cautionary tale. He noted China is projected to export around 12 million cars this year, up from 3 million in 2022. Farley defended Ford's partnerships with Chinese firms, including Geely, as necessary to compete.
Ford CEO Warns US to Be Cautious on Chinese Automakers
Source: Reuters