‘This is a ‘come to Jesus moment': Ford CEO says American carmakers are battling a perfect storm [Yahoo! Finance]
Toyota Motor Corporation (TM)
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Source: Yahoo! Finance
Farley took over as CEO in 2020, but has worked at the automaker since 2007. Before that, he spent nearly 20 years at Toyota Now, he thinks the three-fold transformation barreling at carmakers represents a “come to Jesus” moment for the industry, and they will have to either meet each of the challenges or face the consequences, he told Rolling Stone China The first threat is Chinese carmakers. As recently as 2022, Western companies dominated the car market in the world's second largest economy, said Farley. But in 2023, Chinese automakers surpassed Western rivals' China car sales for the first time, the Wall Street Journal reported Volkswagen was the market's biggest player for a decade. The German automaker sold a high of 4.23 million units in 2019 , but the market's growing preference for EVs and homegrown options led to steady declines that cut VW's sales down about 36% to 2.69 million in 2025 Ford has also seen its own declines in China, where sales fell to 288,000 in 2
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- 3/30/26 - Form 6-K
- 3/27/26 - Form 4
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