The risk to almost a million US jobs is too great to allow imports of Chinese vehicles, according to Ford CEO Jim Farley. In an interview, Farley spoke with Fox News about rising car prices and global competition, telling Brian Kilmeade that China’s spare production capacity is so large that it could easily absorb the roughly 16 million new vehicles sold in the US, with room to spare.
“First of all, the Chinese have huge direct support for their auto companies,” Farley said, while noting that China has the ability to build an additional 21 million vehicles a year on top of the 29 millio …
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Author: Jonathan M. Gitlin
US jobs too important to risk Chinese car imports, says Ford CEO
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