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Ford CEO's haunting visit to China triggered its radical EV shift
Ford executives shocked fans and skeptics by announcing radical changes to its electric vehicle strategy. In a series of moves that would cost the automaker up to $1.9 billion, the Blue Oval dialed back its bigger plans for its electric lineup.
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.
"These guys are ahead of us," Ford CFO John Lawler told the company's CEO Jim Farley after the two had taken a test drive in a Chinese electric SUV.
Ford Execs Shaken After Secret Chinese EV Test Drive: ‘They’re Ahead of Us’
Ford bosses test drove a Changan SUV while evaluating Chinese competition last year. CFO John Lawler reportedly told CEO Jim Farley that the Chinese “are ahead of us.” This revelation comes shortly after Ford pulled back on some of its ambitious EV plans.
Ford boss warns Chinese EVs are an “existential threat”
A trip to China to visit its joint-venture partner was an eye-opening experience for Ford's CEO, who now sees the nation's electric vehicles as a threat.
Electrek
4h
Ford F-150 Lightning and Kia’s new EV9 are the most popular EVs on Cars.com
As new electric vehicles hit the market, discounts continue piling up as automakers fight for sales. According to new ...
24/7 Wall St
5d
Ford’s EV Struggles: A Reality Check on Electric Ambitions
Key Points: F-Series pickups account for 38% of Ford’s U.S. sales, far outpacing EV sales. Ford is heavily incentivizing EV ...
Autoblog
3d
Ford CEO says the Chinese EV industry is biggest threat to his business
In a Wall Street Journal interview, Farley described the situation as an "existential threat" to
Ford
, highlighting the ...
Fleet Owner
2d
Ford Pro leaning on charging partnerships to grow fleet EV adoption
CFO Navin Kumar said many fleets have been 'more methodical and deliberate' than expected as fleets still focus on EV ...
Automotive News
7d
Ford, utility team up to pay EV owners for using less power
Ford is the first automaker to participate in a Southern California Edison program that pays customers $1 per kilowatt-hour ...
23h
Stellantis, Ford face lingering labor issues with targeted UAW strikes on the horizon
Nearly a year after signing record labor contracts with the United Auto Workers union, two of the Big Three automakers find ...
2d
Ford Faces Challenges: Will It Rebound?
Ford adjusted its EV strategy, increasing investments but lowering production targets due to demand and supply challenges. Read more on F stock here.
GM Authority
1d
GM Rival Ford Adding Karaoke To Its Vehicles
GM competitor Ford is adding the Stingray Karaoke App to the F-150 Lightning and Mustang Mach-E, with more vehicles soon to ...
2d
BMW, Ford and Honda Name CEO of EV-Grid Integration Joint Venture
BMW, Ford and Honda said Wednesday they started operations of their equally-owned joint venture ChargeScape, and appointed Joseph Vellone as its first chief executive officer.
24/7 Wall St
9h
Ford (F) Price Prediction and Forecast 2025-2030
The Ford Mustang is just one of the company's iconic automobiles, that includes top selling trucks, luxury cars, and EVs.
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