""It is impossible, unless they are subsidized by the government. The chances that the US government will do that are zero. It would have to hand out billions of dollars like it was candy.""
""This is our biggest opportunity for growth and value creation since Henry Ford started to scale the Model T, and we're grabbing it with both hands.""
""The Chinese EV firms have benefited from government support there. Their production costs are low, and their vehicles are extraordinary.""
""What is saving Ford, for the time being, is the 100% tariffs on Chinese cars. Without it, Ford would be gone in a matter of a few years, or less.""
Hyundai Motor CEO José Muñoz stated that American car companies cannot compete with Chinese EVs without government subsidies, which he believes are unlikely. Ford's recent EV strategy under CEO Jim Farley has faced criticism, with significant investments failing to yield results. The company aims to replace its long-standing manufacturing processes to compete with Tesla and Chinese firms, which have government support and lower production costs. Current tariffs on Chinese cars are providing temporary relief for Ford, but the future remains uncertain without substantial changes.
Read at 24/7 Wall St.
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