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
    0·
    2 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.

  • SpacePirate@lemmy.ml
    0·
    2 months ago

    They fact that they were only apparently just realizing this in “early 2023” says a lot more about the US auto industry.