Of all the legacy carmakers, Ford Motor Company is best positioned to survive the onslaught of Chinese auto brands. Ford dominates in pickup trucks and commercial vans, industry segments in which Chinese automakers are not yet competitive abroad. They are also the most profitable markets on a per unit basis. The high tariffs and import bans that are designed to keep Chinese models out of North America are of little help to Ford, but serve ironically as a lifeline to Japanese and European companies who exist only as long as the tariffs do.

But Jim Farley, the CEO of Ford Motor, nevertheless is making huge changes at Ford based on his recent experiences in China. In a new strategy, Ford will abandon entirely its ambitions to compete in China in the passenger vehicle markets, and everywhere else in electric vehicles made by Ford's domestic factories. Instead, they will aggressively build new electric vehicle models in light and heavy trucks, designed by their engineers in the US, but produced and distributed by their Chinese joint venture partners.

Resources and links:

Kelly Blue Book, The 25 Best-Selling Cars of 2024 … So Far
https://www.kbb.com/best-cars/....top-10-25-best-selli

Wall Street Journal, What Scared Ford’s CEO in China
https://www.wsj.com/business/a....utos/ford-china-ev-c

Wall Street Journal, Ford Cuts Lightning Output in Latest Sign of EV Downshift
https://www.wsj.com/business/a....utos/ford-to-cut-pro

Wall Street Journal, A Chinese Phone Maker Did Something Apple Couldn’t: Make an EV
https://www.wsj.com/business/a....utos/a-chinese-phone

New Report: SUVs, Ford F-series, Toyotas are 2023’s bestselling cars in America
https://insurify.com/car-insur....ance/insights/bestse

Americans Review The BYD Shark Plug-In Hybrid Pickup And Love It
https://insideevs.com/news/733....031/americans-review

Motor Trend, It's No Mystery Why the F-150 Lightning EV Isn’t Selling Like Ford Hoped
https://www.motortrend.com/new....s/ford-f-150-lightni

Reuters, Changan Ford Motor to set up electric car JV with Chongqing Changan Auto
https://www.reuters.com/market....s/deals/changan-ford

Investors Business Daily, Ford's China Partner Makes Bold EV Move In World's Top Auto Market
https://www.investors.com/news..../fords-china-partner

Closing scene, Gaoyi Mountain Scenic Area, Chenzhou, Hunan Province

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Welcome back to ABIBITUMI TV, your trusted source for unfiltered news and analysis on African affairs.
I'm your host, and today we are reporting on the news of an individual who was arrested on Friday, November 8, 2024, in Ouagadougou while handing over five billion CFA francs in cash to soldiers who had posed as allies in his coup plot.https://burkina24.com/2024/11/....09/nouvelles-revelat

10 Nov 2024
Newly-appointed MK Party Secretary-General, Floyd Shivambu says he is humbled by the opportunity to be appointed in this position.

Shivambu says it would not be correct to say the appointment was a reward for bringing former EFF members.

The appointment was announced by party president Jacob Zuma, following the resignation of Dr Sifiso Maseko.

Shivambu says his role in the position is to consolidate all the tasks of the party.

for more go to ⁣mkparty.org.za #mkparty to all social media platforms


People mentioned2 people



Floyd ShivambuSouth African politician (born 1983)




Jacob ZumaPresident of South Africa from 2009 to 2018