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.
'An existential threat': How a trip to China humbled Ford's executives
Jim, this is nothing like before…these guys are ahead of us.”It’s a statement that’s put the entire western automotive industry on notice. According to the Wall Street Journal, those were the words uttered by Ford’s CFO John Lawler to CEO John Farley as the pair test drove an electric vehicle on a trip to China last year.
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.
Electrek7h
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 ...
Ford Explorer review: The stylish new electric SUV feels every inch a Ford
The Ford Explorer is a good-looking family SUV that should certainly attract interest in Ford dealerships. It has a very good ...
Techopedia15h
Nio Undercuts Tesla With Price Drop for New Onvo-branded SUV
Nio, one of Tesla’s Chinese rivals in the EV market, is slashing the price of its new Onvo-branded SUV, the L60.
The Information4d
Three-Quarters of Ford’s EV ‘Skunkworks’ Are Tesla, Apple and Rivian Alums
In a call with Wall Street analysts in February, Ford CEO Jim Farley and Chief Financial Officer John Lawler detailed the ...
When will the EV sales slump end? Here’s what the experts say.
This is reflected in BloombergNEF’s most recent EV forecast, issued in June, which projects that all-electric vehicles and ...
Automotive News8d
Skoda teases look of new Elroq EV ahead of debut next month
The Elroq will be unveiled Oct. 1 ahead of deliveries starting in late spring 2025, the company said. The Elroq is 4500 mm ...
At 20 years old, Ford's Escape hybrid has arrived like a movie star
Ford got into the hybrid game early and has stuck with the technology, which is now having a growth spurt in the U.S. car market.
https//carbuzz10d
10 Things Scout's EV Pickup Truck Needs To Be A Segment Leader
Scout Motors will unveil their all-electric pickup truck soon. Here are 10 things it'll need to do to beat the competition.