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Ford CEO says company is preparing for Chinese automakers to enter the US within 5–10 years

Reuters +1 ·

F Ford Motor Co
$14.86 -2.75%
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  1. 1Ford (F) CEO Jim Farley said at a Thursday town hall that the company is preparing for the possibility of Chinese automakers entering the US market
  2. 2Management cited a 5–10 year window for entry, with the later part seen as more likely, and said Ford is preparing a low-cost EV at Chinese cost levels
  3. 3The US is blocking Chinese EVs with roughly 100% tariffs and model-year 2027 and 2030 regulations, while the Senate is pushing to expand the ban

This 3-line summary is compiled from the report below.

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