Ford CEO Jim Farley has been vocal about his love for Chinese EVs. It was a year ago when the Blue Oval’s boss told the public that he was driving a Xiaomi SU7and that he loved it. Then, a few months ago, Farley said he found the Chinese auto industry “humbling.” Now, his words are becoming much more dire.
In an interview this week with CBS Sunday MorningFords CEO compared Chinas car industry of today to that of 1980s Japan, but “on steroids.” According to Farley:
‘They have enough [production] capacity in China with existing factories to serve the entire North American market, put us all out of business. Japan never had that, so this is a completely different level of risk for our industry.’
Farley then admitted that the Chinese cars being made today are cars Americans would willingly buy, calling the SU7 hes driving”high quality” with a “great digital experience.” He still drives one, he said, because Chinese EVs are the “competition, and to beat them, you have to know them.”
This has led Farley to make changes within Ford, prompting the company to build smaller, cheaper electric vehicles. Earlier this year, the automaker announced it would introduce a new manufacturing system so it could build a $30,000 electric pickup before expanding its portfolio.
Its a big bet for the automaker, but one Ford is making in direct response to the Chinese auto industry, despite the US subjecting EVs from that country to a 100-percent tariff. While the tariffs effectively ban cheap Chinese EVs from entering the US market, Ford sells the Mustang Mach-E in China, and it wants to be competitive.
Farley said earlier this year that Chinese EVs have “superior in-car technology”and that automakers “are in a global competition with China, and its not just EVs. And if we lose this, we do not have a future at Ford.”
BusinessPrime Minister Shehbaz Sharif has given the green light for a major 100MW solar power project in Gilgit-Baltistan.This initiative is part of a wider effort to improve electricity supply across the country, including significant projects in Gwadar, aimed at ensuring continuous and affordable power for residents and businesses.The solar power plan in Gilgit-Baltistan will include both rooftop installations and large-scale solar systems. Officials have said that the project, which is expected to be completed by 2027, will not only provide clean energy but also help save around Rs1 billion every year.These savings are likely to benefit both the government and local industries, supporting economic growth and creating new opportunities for businesses in the region.In addition to the solar project, Prime Minister Shehbaz Sharif has emphasized the importance of major electricity initiatives in...
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CIOs must master critical business concepts to fulfill their new mandate of being business partners with their leadership peers. Here are the latest business terms and notions impacting IT.CIOs have heard for years that they can no longer be only technology leaders. They must be business executives, too.CEOs say as much. CIO.com’s 2025 State of the CIO survey found that CEOs expect their top IT execs to help the organization achieve revenue growth objectives, identify data-driven business opportunities, reduce spending, enable new plans for customer acquisition and retention, among other objectives.If CIOs want to deliver on those CEO expectations, they must not only speak the language of business (as they’re often advised to do) but also understand business fundamentals — those key ideas and theories that have become the bedrock lessons of MBA programs and...
Business New tiered model removes barriers for first-time users and adds advanced tools for referral-driven professionalsPitch59 today launched a free option within its video business card platform, introducing a tiered subscription model that opens access to first-time users while adding premium features for professionals who rely on referrals to drive business growth.The four-tier structure reflects how different professionals use Pitch59. The Free tier gives new users immediate access to create their first PitchCard — a 59-second video business card — and shows them how simple it is to share their story and receive warm introductions. The Pro and Pro Plus tiers add advanced features for active networkers, business owners and teams who manage multiple PitchCards or depend on referrals as a core business strategy. The Enterprise tier is designed for organizations that want to fully...
Marketing in 2026 Audiences, Costs, and Smarter AI Marketing in 2026 Audiences, Costs, and Smarter AI Marketing in 2026 Audiences, Costs, and Smarter AI Marketing in 2026 Audiences, Costs, and Smarter AI As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly. Join seasoned marketing executives and specialists...
BusinessPflugerville businesses and homeowners ready to give their interiors a modern edge can now do so with custom glass partitions Pflugerville TX from GCS Glass Austin, a trusted name in residential and commercial glass design. From bright home offices to elegant boardrooms, GCS transforms ordinary walls into beautiful, light-filled dividers that redefine the way spaces feel and function.With an emphasis on craftsmanship and clean, contemporary aesthetics, GCS Glass & Mirror Pflugerville TX designs and installs custom glass partitions that combine visual appeal with practicality. Each project is tailored to its environment, whether it is an airy conference space, a cozy home studio, or a creative open floor plan that needs just the right balance between privacy and flow.“People love how glass partitions instantly change a room’s energy,” said Chance Forman of GCS...
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BusinessThis week Ireland witnessed its first sophisticated electoral deepfake, when an AI generated video, mimicking RTÉ news, told users of Facebook and YouTube that the election had been cancelled and Heather Humphreys declared the winner, because Catherine Connolly had exited the campaign (this is not true).To understand what happened, and how to respond, we need to also consider why people may have gone to great efforts to get this video in front of us.There are at least four reasons why someone might carry out an act of electoral disinformation. The first is to influence the outcome of an election. Lies about how or when to vote, who is eligible, or as we saw here this week, that an election has been cancelled, can be used to stop certain voters from turning up on...
BusinessDear Prudence Help! My Husband Holds His Business Lunches In a Uh, Certain Kind of Restaurant. This Could Ruin His Career.Photo illustration by Slate. Photos by Getty Images Plus.<section> <div itemprop="mainEntityOfPage"> <p data-word-count="30" dates="slate.com/_components/slate-paragraph/instances/cmh3wkm73002sdekv4ke1ca7q@published"><em>Our advice columnists have heard it all over the years—so we’re diving into the Dear Prudence archives to share classic letters with our readers.</em><strong></strong><strong>Submit your own questions to Prudie...
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