I mean, I'd never buy one, but I dont see the harm a little competition.

Whelp, guess you shouldn't have spent years abandoning the legacy of Henry Ford. While I'm certainly glad they've let go of his overt racism, they abandoned the positive parts of his legacy too.

There is one rule for the industrialist and that is: Make the best quality of goods possible at the lowest cost possible, paying the highest wages possible.

-Henry Ford

Henry Ford would have never done a stock buyback. He designed and improved the Model T to be as cheap as possible. He designed it to be as repairable as possible. He built in clever features like a power takeoff so that farmers could power attachments with their car. He fostered a diverse ecosystem of third party manufacturers that would make accessories and modifications to Model Ts. He didn't try to sue them or do whatever the 1920s equivalent of locking things behind DRM would be.

Today, if it lives anywhere, the legacy of Henry Ford lives on in China. American car manufacturers have completely abandoned the vision of creating an affordable vehicle for the common man. Instead, the companies have been completely infested by the MBA class, who realize you can get a higher rate of return by making fewer numbers of extremely expensive cars. Ford invented the assembly line specifically so he could make a car that the average person could afford.

Henry Ford was a common man born on a small farm, son of an Irish immigrant. Today, Ford Motor Company is lead by CEO Jim Farley, who previously was CEO of McDonalds and Harley-Davidson. His bio from his Wikipedia page:

Farley was born to a banker father in Buenos Aires, Argentina,[1] where he spent his early years, before moving to Greenwich, Connecticut. Before university, Farley attended Portsmouth Abbey School, a Catholic, college preparatory school in Portsmouth, Rhode Island.[citation needed] He graduated from Georgetown University and then later, the UCLA Anderson School of Management at the University of California, Los Angeles.[2][1]

Farley's grandfather worked at Henry Ford's River Rouge Plant in 1918.[2] He is a cousin of the entertainers Chris Farley, Kevin Farley, and John Farley. He is also a cousin of Carolina Hurricanes TV analyst and former NHL and AHL player Tripp Tracy.

Ford Motor Company was founded by a man who came from nothing. Currently it's lead by a man born with a silver spoon in his mouth. China is recent enough to industrialization that most of its car companies are still led by their original founders, most of whom came from very humble beginnings. I can't help but think this has a profound impact on how they see the world and the types of cars they seek to build.

If the American car companies really want to compete, they should adopt a new rule. No executive should have been born to a family making more than 90% of the median household income or have attended an Ivy League school. And they must have an engineering degree and no MBA.

Asap please!!

Good. Make the US brands squirm. They're just riding lobbying and a general lack of competition.

I was blown away by this documentary on the Chinese EV industry. Can see why the old companies in the west can’t easily adapt, mostly due to mindset and sunk cost fallacy. Roboticics everywhere and cutthroat competition driving innovation.

Watching  S2026 China's EV Revolution  in iview https://iview.abc.net.au/show/foreign-correspondent/series/2026/video/NC2604H012S00

They are just moving into the void left by American car brands. Anyone surprised by this?

Volvo

Telling your employees that they might soon have options for who to work for? It's a bold strategy, Cotton...

From the Wikipedia page of the Ford Mustang Mach-E

In April 2022, Ford stopped accepting new orders for the 2022 model year Mustang Mach-E due to its popularity.

In June 2022, the CFO of Ford Motor announced that the profitability of the Mustang Mach-E had been wiped out due to increases in the cost of raw materials.[47]

https://en.wikipedia.org/wiki/Ford_Mustang_Mach-E

Can't think of a single US automaker I'd buy from and I doubt that would change within 10 years.

Oh no! Here comes capitalism from a communist country. It's like we built infrastructure to exploit cheap labor for short term gains and it's backfiring! Who could have ever seen this coming?

Jim Farley, CEO of Ford drives a fucking Xiaomi SU7. If he wont drive a Lincoln, then Ford deserves to die.

Instead of giving themselves buybacks when money was good, they should have been innovating.

Bye, Ford.

They could do it tomorrow if it were legal

I sure hope he's right.

Thank the Lord in heaven! I'd buy a BYD right now if I could.

Let's take stock for a moment. A freaking Toyota Corolla is pushing $30,000. A Corolla.

A regular F-150 is $60,000+. The average new car sells for around $40,000, and the average monthly payment is close to $1,000.

And guess what? They're not selling. They're just too expensive. A Ford Raptor is over $100,000. Over $100,000. Dealerships are flooded with them, and they still aren't making meaningful deals.

From a purely economic perspective, we need competition from China to force this market back toward affordable vehicles, because there are no genuinely cheap, affordable new cars in this country anymore.

Don’t threaten me with a good time! I’d be driving a BYD right now if I could

"And instead of improving our offerings we will spend tens of millions "contributing" (bribing) politicians to make sure that doesn't happen."

American cars suck.

It's happening way before then!

good. maybe people can afford to buy one. unlike overpriced ford ipads on wheels.

I was blown away by this documentary on the Chinese EV industry. Can see why the old companies in the west can’t easily adapt, mostly due to mindset and sunk cost fallacy. Roboticics everywhere and cutthroat competition driving innovation.

Watching  S2026 China's EV Revolution  in iview https://iview.abc.net.au/show/foreign-correspondent/series/2026/video/NC2604H012S00

They should enter now

It would be nice to be able to consider more asian brands than just japanese and korean when next replacing a car and ignoring everything American.

Farley talks a good game but has always been full of shit. If he agrees that ford needs to turn around to compete with new technology, he should talk to the CEO about it

Where’s that conviction when you gave up on EVs instead of trying to improve your own technology? Where have their ever been ford EVs that normal people could buy? What about those for employees eager to jump to new technology when you shut down their factories?

And seriously, they’re competitive with Chinese cars in Europe because they resell Geelys (Chinese cars)? What kind of bs is that?

Boo fucking hoo, I hope ford GM and Chevy all sink

Correct me if it's worth it to you. I am doing gut math, but isn't a Ford vehical only like 20% fewer made in China parts? They might even be equal parts, just 1 assembled in Mexico.