Ford’s Chairman Warns America Can’t Keep Chinese Cars Out Forever
Bill Ford says Chinese automakers will eventually make it to American showrooms. Henry Ford’s great-grandson said the US must compete, not rely on trade barriers. Chinese cars have made it to Canada and Mexico, but are still locked out of the US. America’s auto industry relies on tariffs and regulations to keep Chinese automakers at arm’s length. But according to Ford Executive Chairman Bill Ford, that protection might not last forever, and Detroit needs to be ready when the competition finally arrives. Speaking at an Axios event in Washington, D.C., Ford argued that the industry can’t simply assume Chinese brands will remain locked out of the US market indefinitely. Instead, he believes American automakers need to develop products capable of competing directly against the rapidly advancing companies emerging from China. Preparing For The Inevitable “We have to go toe-to-toe with China ,” Ford said, ...