The Next WebAlina Maria Stan
Ford’s CEO says it is too late for Europe to fend off Chinese carmakers
Ford chief executive Jim Farley said it is too late for Europe to fend off Chinese carmakers and that the United States should take its time deciding.
Ford’s chief executive says Europe has already lost to Chinese carmakers. Jim Farley told a Detroit conference it is too late for the continent and that America should take its time.
Ford’s own European plan is a joint venture with a Chinese carmaker.
“ I watch what’s happening in Europe right now, where that was not the case, and it’s really something that they have to deal with now, and it’s too late, ” Farley said at the Automotive News Congress, as CNBC reported.
Chinese brands took 12% of the whole European car market in August, against virtually nothing in 2020, according to Dataforce.
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