In a new LinkedIn note, Ford CEO Jim Farley, a 'lifelong petrolhead,' has a lot to say about EV skepticism—and ceding American leadership to China or Europe.
If you're an auto industry executive in 2024, there are three ways to do your job: actively fight against any sort of global electrified transition, bury your head in the sand and aim to retire fast enough for it to be someone else's problem, or actively face these challenges head-on. I give credit to Ford CEO Jim Farley for taking the third path. Ford hasn't always gotten the EV transformation right under Farley's watch.
'As the CEO of a major automaker, I feel compelled to tell customers the truth about electric vehicles amid all the disinformation and misunderstandings,' Farley wrote. 'It’s true that we are losing money on electric vehicles in the first innings of this transition, largely due to the upfront investment costs. But that too is changing.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cubs lose fourth in a row as Giants' Conforto, Villar go back-to-back, Matos hits tiebreaker to win 4-3Giants' Conforto, Villar go back-to-back, Matos hits tiebreaker to beat Cubs 4-3
Read more »
Dominant pitching, big hits give No. 9 Cedar Grove back-to-back G1 crown (PHOTOS)The title is the Panthers' second in a row and came thanks to some great pitching and big hits.
Read more »
Ema Kawakami, 9, stuns Tony Hawk with back-to-back-to-back 900sThe world of skateboarding may have experienced a passing of the torch.
Read more »
Ford CEO says a profitable $30,000 EV is coming in two and a half yearsFarley said its main competitors are expected to be Chinese automakers such as BYD and an anticipated entry-level car from U.S. EV leader Tesla.
Read more »
Ford CEO says a profitable $30,000 EV is coming in two and a half yearsFarley said its main competitors are expected to be Chinese automakers such as BYD and an anticipated entry-level car from U.S. EV leader Tesla.
Read more »
Ford CEO Promises Eyes-Off Level 3 Autonomous Driving In “A Couple Years”With this tech 'your car becomes like an office,' says the head of the Blue Oval badge
Read more »