Jim Farley thinks that Chinese brands will be “the powerhouse” when it comes to electric vehicles.
like the Republican House Majority Leader Steve Scalise and Florida Senator Marco Rubio, who cited possible ties with the Chinese Communist Party.
"We have a decision to make here in the US," Jim Farley said."If battery localizing their technology in the U.S. gets caught up in politics - you know the customer is really going to get screwed." In the first quarter of this year, Ford’s Model e EV division posted a loss of $722 million and the company, with up to $3 billion in losses until the end of the year. However, the Blue Oval carmaker posted a net income of $1.8 billion as a whole, with its Ford Blue gasoline-powered business earning a $ 2.6 billion profit, while the Ford Pro commercial vehicle unit made $1.36 billion in Q1 2023.
As always, we'd like to know what you think about this, so head over to the comments section to give us your thoughts.
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