{
  "id": 10780648,
  "title": "Ford’s CEO urges caution on Chinese automakers, says Europe is ’too late’",
  "url": "https://urgent.news/2026/09/29/fords-ceo-urges-caution-on-chinese-automakers-says-europe-is-too-late",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T20:54:49.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/fords-ceo-urges-caution-on-chinese-automakers-says-europe-is-too-late-4923583"
  },
  "original_language": "en",
  "account": "On September 29, Ford CEO Jim Farley cautioned against the rapid entry of Chinese automakers into the American market, drawing a cautionary tale from Europe's experience. At an Automotive News conference, Farley urged the US to \"be extremely careful\" about the entry of Chinese Original Equipment Manufacturers (OEMs) into the country, citing the pressure on Europe's auto industry as Chinese imports rapidly gained market share.\n\nFarley noted that the US was effectively sealed off from Chinese cars through a ban on Chinese-made vehicle software and tariffs exceeding 100%. However, auto executives worry that such measures might not hold in the long term. This concern was echoed by Transportation Secretary Sean Duffy, who expressed worry in a letter to Farley about Ford's deals with Chinese companies intertwining its future with Chinese state-backed enterprises.\n\nFord has partnered with Chinese companies in certain areas where it lacks expertise. For instance, the company collaborates with Chinese battery maker CATL to manufacture lower-cost batteries at a Michigan plant. Farley also stated that Ford will directly compete with Chinese automakers, emphasizing that these partnerships are not mutually exclusive. This stance comes in response to criticism Ford has faced in recent years for its collaborations with Chinese firms on vehicle and battery technology, including a deal with China's Geely for the development of electric cars in the European market.\n\nThe rapid growth of China's auto industry as an export powerhouse has left other auto executives from Japan, Germany, and the US rattled. China is expected to export around 12 million cars this year, up from about 3 million in 2022, to markets like Europe, Latin America, and beyond. The US continues to face a ban on Chinese cars, coupled with tariffs exceeding 100%, but auto lobbyists have pressed US lawmakers for a permanent ban in an attempt to protect their market share.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "CNBC",
        "title": "Ford CEO says it's 'too late' for Europe to fend off Chinese automakers, but not U.S.",
        "url": "https://urgent.news/2026/09/29/ford-ceo-says-its-too-late-for-europe-to-fend-off-chinese-automakers",
        "published": "2026-09-29T19:22:48.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Ford’s CEO urges caution on Chinese automakers, says Europe is ‘too late’",
        "url": "https://urgent.news/2026/09/29/fords-ceo-urges-caution-on-chinese-automakers-says-europe-is-too-late-10803703",
        "published": "2026-09-29T22:40:17.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}