China has enough spare capacity to swallow the entire US car market, says Ford’s Jim Farley.
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 million that are expected to roll off Chinese production lines in 2026. “They have enough capacity in China to cover all the manufacturing, all the vehicle sales in the United States,” Farley said.
“Manufacturing is the heart and soul of our country, and for us to lose those exports would be devastating for our country,” he continued, before pointing out the cybersecurity worries about Chinese cars. “All the vehicles have 10 cameras. They can collect a lot of data,” he said.
