The risk to almost a million US jobs is too great to allow imports of Chinese vehicles, according to Ford CEO Jim Farley. In an interview, Farley spoke with Fox News about rising car prices and global competition, telling Brian Kilmeade that China’s spare production capacity is so large that it could easily absorb the roughly 16 million new vehicles sold in the US, with room to spare.
“First of all, the Chinese have huge direct support for their auto companies,” Farley said, while noting that China has the ability to build an additional 21 million vehicles a year on top of the 29 million that are expected to roll off Chinese production lines in 2026. “They have enough capacity in China to cover all the manufacturing, all the vehicle sales in the United States,” Farley said.
“Manufacturing is the heart and soul of our country, and for us to lose those exports would be devastating for our country,” he continued, before pointing out the cybersecurity worries about Chinese cars. “All the vehicles have 10 cameras. They can collect a lot of data,” he said.
Unlike U.S.-built cars that have no telemetry whatsoever and certainly aren’t selling it to insurance companies.
Yah we ain’t getting cheap EVs. Your options are piece of shit American made SUVs or imported Japanese sedans. ICE only. Pay more than any other country for em.
don’t forget that Ford also needs to lay off people to ensure they are profitable… because ya know, the jobs are apparently important to them
That’s all true. But the solution can’t be Chinese imports.
China is trying to corner the global market on clean tech manufacturing. They are drastically subsidizing solar, battery, and EV production, intentionally undercutting everyone else. Same as Amazon selling diapers at a loss for a few years, only to raise prices even higher than they were once all the competition is gone. Chinese companies are overproducing EVs and have huge unsold inventories, the only way to do that is if you’re being paid for every car made regardless of what sells. They did the same thing with real-estate; Building entire large cities with barely anyone living in them. Importing these cars and selling them below cost, looks good today, but will be a huge problem in a decade.
