All articles tagged with #jim farley
Ford CEO Jim Farley tells CBS News the company is prioritizing affordability, aiming to offer many new models at $40,000 or less and to roll out more affordable versions of popular models like the F-150 and Explorer, with employee pricing and leases as low as $399–$499 through July to address high new-car prices and competition.
Ford CEO Jim Farley says the auto industry is in a ‘perfect storm’ driven by China’s rapid EV progress, the shift to software-defined vehicles, and policy headwinds like tariffs and emissions standards. He reflects on Ford’s EV missteps (the Lightning and heavy wiring harnesses), outlines a plan for a lighter Universal EV platform targeting a $30,000 price and 2027 production in Kentucky, and stresses the need to preserve a strong U.S. dealer network while expanding data‑driven software for fleets and customers amid China’s subsidies and tech partnerships with Huawei/Xiaomi. He warns Ford must move fast or risk existential consequences.
Ford CEO Jim Farley said he chose a Xiaomi EV over a Tesla because Tesla lacks an updated vehicle, arguing Chinese brands’ cost competitiveness and manufacturing strength are key to Ford’s plan to bring more affordable EVs to the U.S.
Ford CEO Jim Farley is auctioning his 1972 DeTomaso Pantera—once a Ford Aerospace pool car and a museum piece before a 2018 sale—now refreshed after Farley bought it in 2024 for $121,000; the mid‑engine V8 Pantera features a 351 Cleveland engine with over 400 hp, a five‑speed ZF transaxle, updated intake, refinished wheels, and a reupholstered cabin, and is listed on Bring a Trailer in Wisconsin.
Ford CEO Jim Farley warned in a Fox & Friends interview that Chinese automakers entering the U.S. market would be devastating for American manufacturing, calling manufacturing the heart and soul of the country and saying Chinese exports could erode it; he also cited data privacy and cybersecurity risks from vehicles with multiple cameras and noted that tariffs have effectively kept Chinese EVs out of the U.S. to date.
Ford is shifting its strategy from pure electric vehicles to hybrids and extended-range electric vehicles due to changing consumer demand and market conditions, leading to a $19.5 billion charge in 2026 and a significant reduction in EV sales projections.
Ford CEO Jim Farley was shocked by the internal components of Tesla and Chinese EVs, which prompted him to overhaul Ford's EV strategy, including spinning out a dedicated division and shifting focus towards more affordable models to compete globally, especially against China's rapidly advancing EV market.
Ford CEO Jim Farley discusses the impact of Trump's tariffs on the company's costs, the challenges of sourcing American-made parts, and Ford's strategic shift towards smaller, affordable electric vehicles to compete with Chinese EVs, emphasizing the importance of innovation and adaptation for the future of American auto manufacturing.
Ford CEO Jim Farley emphasizes the importance of blue-collar jobs and trades, sharing how he ensured his son learned practical skills like welding, amidst concerns over a skills gap and the declining perception of manual work in America. He advocates for increased investment in trade education and highlights the historical significance of well-paid manual labor for the middle class.
Ford's CEO Jim Farley indicated that support for CarPlay Ultra is not imminent and may depend on Apple's decisions regarding control over vehicle functions, suggesting a cautious approach and ongoing discussions but no immediate plans for support.
Ford CEO Jim Farley is hesitant to adopt Apple's CarPlay Ultra due to concerns over execution and control, favoring Google's platform for its better integration and flexibility, but remains open to future versions if improvements are made.
Jay Leno unexpectedly attended a Toyota Supra meet in his new Ford Mustang GTD, a rare and powerful supercar delivered personally by Ford's CEO, showcasing its impressive speed and design, and adding to Leno's renowned car collection.
Ford's CEO Jim Farley responded to Chevrolet's Corvette ZR1's Nürburgring record with a competitive 'Game on,' signaling Ford's intention to reclaim the title, though the Mustang GTD currently faces challenges due to weight and power differences.
Ford CEO Jim Farley, inspired by Henry Ford's 1914 wage increase, is addressing the issue of young workers struggling with low wages and multiple jobs by converting temporary workers into full-time employees with better benefits, aiming to attract and retain a stable workforce and boost U.S. manufacturing.
Ford CEO Jim Farley is reviving a strategy from Henry Ford's playbook by increasing wages and improving working conditions to attract young workers, addressing the decline in interest in manufacturing careers and worker grievances, while emphasizing the need for government investment in trade education to support the industry.