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Stock impact report

'We Have No Chance': Honda's Honest Confession about China [Yahoo! Finance]

Ford Motor Company (F) 
Last ford motor company earnings: 4/28 04:09 pm Check Earnings Report
US:NYSE Investor Relations: shareholder.ford.com
Company Research Source: Yahoo! Finance
He was not talking about profits or new models. Instead, he described a recent visit to China and what he saw there. His words were blunt and carried a sense of urgency. “I think we see the Chinese as the main competitor, not GM or Toyota,” he said. Then he went further. “They are going to be a powerhouse.” Farley explained that during his trip, he drove electric vehicles built by Chinese companies. He spoke about how these cars felt different. The software was smooth. The screens worked like smartphones. Updates came easily. He admitted that the experience forced him to rethink how competition in the auto industry now looks. Image Credit: BYD The setting of this public confession carries significant weight. It wasn't a private conversation that got picked up by hot mic. It was a public conversation in front of analysts and journalists who follow every move from major automakers. Farley was laying out a concern that had been building inside Ford for some time. He described Show less Read more
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