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In an interview with Fox News, Ford CEO Jim Farley warned that allowing Chinese vehicle imports could put nearly a million U.S. jobs at risk. He said China’s heavily subsidized auto industry has enough excess capacity to supply the entire U.S. market, while also raising serious cybersecurity concerns given how much data modern connected cars collect. Ars Technica reports: “First of all, the Chinese have huge direct support for their auto companies,” Farley said, while…
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In an interview with Fox News, Ford CEO Jim Farley warned that allowing Chinese vehicle imports could put nearly a million U.S. jobs at risk. He said China’s heavily subsidized auto industry has enough excess capacity to supply the entire U.S. market, while also raising serious cybersecurity concerns given how much data modern connected cars collect. Ars Technica reports: “First of all, the Chinese have huge direct support for their auto companies,” Farley said, while…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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