Ford's CEO and CFO took a drive in a Chinese EV. What they said about it reveals a lot about the state of the US auto industry.
www.businessinsider.com
"These guys are ahead of us," Ford CFO John Lawler was said to have told the company's CEO, Jim Farley, after the two drove in a Chinese electric SUV.
  • MeepMorp@lemmy.world
    11·
    3 months ago

    “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.

    • 50MYT
      2·
      3 months ago

      Publicly*

      Ford has known about this for a few years already

    • ChonkyOwlbear@lemmy.world
      1·
      3 months ago

      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.