🙂
Posted on 11/06/2024 8:33:15 AM PST by Leaning Right
Ford CEO Jim Farley admitted he has been driving a Xiaomi SU7 for six months and said he "doesn't want to give it up." — You might think the CEO of Ford Motor Company shows up to work each day in a Ford. According to the boss himself, you'd be wrong. That's because Ford CEO Jim Farley recently admitted on the Everything Electric Show podcast that he's been driving a car from Xiaomi, a Chinese consumer electronics brand.
(Excerpt) Read more at caranddriver.com ...
But publicly bragging about it? Really?
Put tariffs on Ford.
Wow.
Article was from Oct 23. Maybe Farley thought at the time that China serving Kamala would win the election.
In context, you should always check out the competition.
And remember the source of the article and the agenda
HIGHLY subsidized by the CCP.
If you don’t try your competitor’s product, then you are not a good CEO.
> In context, you should always check out the competition. <
I totally agree. And if Farley had said he had taken the car out for a spin to see what it can do, no problem. But evidently he’s been driving that Chinese EV around for six months.
That’s terrible optics, any way you look at it. And it’s got to have Ford dealers wondering what that guy is all about.
> If you don’t try your competitor’s product, then you are not a good CEO. <
Yes. But please see my post #8.
And if Farley had said he had taken the car out for a spin to see what it can do, no problem.
we don’t know.
Ford is just kissing Xi’s butt.
It wasn’t very long ago that would literally have been a firing offense.
Or for a Coke employee to drink a Pepsi.
🙂
He might be thinking of having Ford buy the foreign distribution rights.
It would be better to make $1,000 off a Chinese EV than lose $75,000 off a UAW EV.
> It would be better to make $1,000 off a Chinese EV than lose $75,000 off a UAW EV. <
Hmm…perhaps distribution rights are his end goal. It’s kinda sad, nevertheless. Because anything bought from China will - of course - only strengthen the Chinese Communist Party.
Trump 2.0 to the rescue here?
WIKI
Xiaomi was founded in 2010 in Beijing by Lei Jun along with six associates. Lei had founded Kingsoft as well as Joyo.com, the latter of which he sold to Amazon for $75 million in 2004. In August 2011, Xiaomi released its first smartphone and, by 2014, it had the largest market share of smartphones sold in China. Initially the company only sold its products online; however, it later opened brick and mortar stores. By 2015, it was developing a wide range of consumer electronics. In 2020, the company sold 149.4 million smartphones and its MIUI (now Xiaomi HyperOS) mobile operating system has over 500 million monthly active users. As of August 2024, Xiaomi is the second-largest seller of smartphones worldwide, with a market share of about 12%, according to Counterpoint. Its presence led some people to call Xiaomi the “Apple of China”. It has come up with its own range of wearable items. It also is a major manufacturer of appliances including televisions, flashlights, unmanned aerial vehicles, and air purifiers using its Internet of things and Xiaomi Smart Home product ecosystems.
Xiaomi keeps its prices close to its manufacturing costs and bill of materials costs by keeping most of its products in the market for 18 months, longer than most smartphone companies. The company also uses inventory optimization and flash sales to keep its inventory low.
In 2021, Xiaomi announced a 10 billion USD investment into electric vehicles (EVs). In late 2023, Xiaomi Auto unveiled its first production vehicle, the Xiaomi SU7, and publicly announced a goal to become one of the five largest automakers in the world. On 28 March 2024, Xiaomi officially launched the SU7 sedan in Beijing. Xiaomi’s SU7 was manufactured under contract with BAIC Group. Xiaomi obtained a production license for electric vehicles in July 2024, allowing it to independently manufacture its electric vehicles. Xiaomi’s EV factory, located in the Beijing Economic-Technological Development Area, is centered around its proprietary integrated die casting system, the Hyper Die-Casting 79100 Cluster. This reportedly allows the factory to produce an SU7 every 76 seconds when running at full capacity.
https://en.wikipedia.org/wiki/Xiaomi
If the Deuce was still around Farley would be washing cars in the Okefenokee wherever the hell that is.
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