Ford CEO Says Chinese Rivals Forced Risky Innovation
Ford CEO Jim Farley stated that competition from Chinese automakers forced the company to adopt risky innovations and new manufacturing processes. The automaker is leveraging lessons from Chinese rivals to improve cost efficiency and develop new electric vehicles.
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Ford Motor Co CEO Jim Farley said competitive pressure from China forced the automaker to adopt risky manufacturing innovations for its upcoming universal electric vehicle platform. The strategy counters mounting political scrutiny in the United States over Chinese industry partnerships. Lessons learned from Asian competitors are now central to Ford's global turnaround plan.
