Ford CEO Jim Farley Yet Again Praises Chinese Automakers
Ford CEO Jim Farley has once again praised Chinese automakers, in particular how they manufacture EVs. One has to seriously wonder why the guy is in his position and not working for Geely or Great Wall if he thinks they do such a better job than his company.Speaking on a panel at the Aspen Ideas Festival recently, Farley admitted he's gone to China at least six or seven times in the past year to study the auto industry there. The man went on to praise Chinese automakers and how superior they are to Ford at this point.
"It's the most humbling thing I have ever seen. Seventy percent of all EVs in the world, electric vehicles, are made in China," Farley said, according to Yahoo Finance.
What really fascinates Farley is all the flashy tech gizmos incorporated into Chinese cars. "They have far superior in-vehicle technology. Huawei and Xiaomi are in every car," Farley said. "You get in, you don't have to pair your phone. Automatically, your whole digital life is mirrored in the car."
What he fails to mention is how the Chinese Communist Party tracks the movements of citizens, cutting off access to certain features based on their social credit score. Even what kind of car loan you can get, if any, is based on that system.
This sort of praise is reminiscent of American thought leaders who visited the Third Reich before the invasion of Poland and had nothing but amazement for all the 'great' things Hitler was doing for the German people.
Progress at any price does come at a steep cost.
Plus, one has to wonder if China isn't driving off a cliff with its government-mandated push into EVs. Farley obviously doesn't think so, which makes us wonder if he wishes our government were similarly authoritarian so he could offer 'superior' cars?
Image via Ford
Join our Newsletter, subscribe to our YouTube page, and follow us on Facebook.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Yahoo
26 minutes ago
- Yahoo
White House looks into rogue employee who used a DOGE account to DM anti-Musk activist
The White House is trying to get to the bottom of an incident involving a former Veterans Affairs employee who used their position to target a prominent critic of Elon Musk, according to a White House official and a second person familiar with the matter granted anonymity to speak freely. James Fishback, the anti-DEI investor who recently launched FSD PAC — a super PAC aimed at blunting Musk's political ambitions — received a direct message on X from the official DOGE Veterans Affairs account. 'James - we need to talk. Your recent behavior has crossed some serious lines. That's why we rejected your DOGE application in the first place. Let's step your game up. This is embarrassing,' read the message, reviewed by POLITICO. Fishback said he never applied to work at DOGE. Fishback advised Vivek Ramaswamy on DOGE while Ramaswamy was still involved, and conceived of the 'DOGE dividend check' plan, which President Donald Trump and Musk both embraced. The person who sent the message no longer works for the VA, the White House official said, adding that the White House is confident that everyone working in the administration is part of the same team. If that is found not to be the case, that person said, repercussions will follow. 'The president's mission is to make sure the goal of cutting waste fraud and abuse is successful and continues,' said White House spokesperson Harrison Fields. 'The American people elected him to be a better steward of taxpayer dollars, and every agency and department is working seamlessly to execute the president's campaign promise.' This is the only known example of a Musk loyalist going rogue and acting at odds with Trump's and the GOP's agenda, but the incident comes at a delicate moment as the administration is grappling with how to manage DOGE's influence now that Musk has turned into a Trump adversary. The White House's Presidential Personnel Office has made loyalty a cornerstone of its hiring strategy, scouring social media accounts and grilling applicants about their Trump bona fides. But DOGE hires, selected through a separate Musk-led process, didn't undergo the same level of scrutiny, according to a Trump official granted anonymity to describe the process. Musk announced last week that he is forming a new political party, the America Party, with plans to pour financial resources into two or three Senate races and as many as 10 House contests. 'Given the razor-thin legislative margins, that would be enough to serve as the deciding vote on contentious laws, ensuring that they serve the true will of the people,' Musk said Friday. Trump quickly fired back. 'Saddened to watch Elon Musk go completely 'off the rails,' essentially becoming a TRAIN WRECK over the past five weeks,' he posted on Truth Social over the weekend. Trump has also threatened to turn DOGE against Musk, though it is unclear how much control he has over the network of employees who signed up to work for the tech mogul. The DOGE VA account that messaged Fishback has no public posts aside from a single reply in February, when it engaged an X user about improving veterans' health care. The message questioned whether opening new VA hospitals was the right solution but acknowledged that more could be done to serve veterans despite the VA being the nation's largest health system. The VA-linked account is one of several DOGE-branded X accounts, including @DOGE_USDA and @DOGE_SSA that have remained mostly dormant. The most active social accounts promoting DOGE activities, aside from the main handle, are tied to the General Services Administration and the Office of Personnel Management — two agencies that remain DOGE strongholds. GSA is led by Acting Administrator Stephen Ehikian, and Josh Gruenbaum serves as Commissioner of the Federal Acquisition Service within GSA. Charles Ezell serves as Acting Director of OPM. Both agencies, each stacked with dozens of DOGE employees, have been reoriented since the start of Trump's second term to implement DOGE's agenda. According to the New York Times' DOGE tracker, seven DOGE employees have ties to the Department of Veterans Affairs.


Los Angeles Times
33 minutes ago
- Los Angeles Times
‘Gringo go home.' Mexico City protests target Americans, gentrification
MEXICO CITY — Since the early days of the pandemic, foreigners have flooded Mexico City, particularly Americans and Europeans drawn by the cost of living and possibilities of remote work. During that time, several neighborhoods in the city center have transformed, with tortillerías, corner stores and barber shops replaced by wine bars, cafes and Pilates studios, many of which advertise in English. Rents have soared, and some locals have been priced out of their homes. Some blame the city's housing crunch and rising costs on the new arrivals — and the more than 35,000 Airbnbs operating here. In recent days, that anger spilled into the streets. A march against gentrification drew hundreds of people, with protesters holding signs that said 'gringo go home,' and demanding that Mexican leaders curb short-term rentals and tax foreigners. It was held on July 4 — U.S. Independence Day — and was advertised as a protest against 'American imperialism.' The march, which passed the U.S. Embassy, was mostly peaceful. But later, some marchers turned to vandalism, smashing windows of more than a dozen storefronts, including a bank, a popular taco chain and a Starbucks. Videos showed protesters harassing tourists seated at an upscale taquería until they got up and left. Some patrons sitting at street-side cafes targeted by the demonstrators protested that they were Mexicans, not foreigners, in some cases flashing their identification cards. In parts of the city, walls remain scrawled with graffiti: 'My culture is not your trend' and 'Kill a gringo.' The protests, which echoed demonstrations against mass tourism and high housing costs in other places, including Barcelona and Berlin, have challenged the long-held notion of Mexico City as a place that welcomes outsiders. And they add fuel to rising binational tensions, as President Trump threatens tariffs on Mexican imports and seeks to deport immigrants living without authorization in the United States. Trump's attacks on Mexico have sparked a wave of nationalism, with some people pushing a boycott of American products and companies embracing the red, green and white of the Mexican flag in ad campaigns. On social media, where commentators both applauded and assailed the protests, the U.S. Department of Homeland Security joined in the fray, publishing a post on X Sunday encouraging undocumented immigrants to self-deport via a Customs and Border Protection application: 'If you are in the United States illegally and wish to join the next protest in Mexico City, use the CBP Home app to facilitate your departure.' Mexican leaders condemned the vandalism and the nativist tone adopted by many protesters. 'Xenophobic displays of this kind must be condemned,' President Claudia Sheinbaum said at her daily news conference on Monday. 'Mexico is a country open to the world.' But she stressed that protesters had legitimate complaints, and that 'gentrification is a phenomenon that needs to be addressed.' Mexico City Mayor Clara Brugada, who, like Sheinbaum, belongs to the leftist political party that controls much of the country, said the city must focus on building more affordable housing. 'We must continue implementing measures and public policies to combat these phenomena,' she said Monday. 'The demand for housing and rents are increasing overnight, and residents are being evicted because they no longer have the economic means to live there.' Sheinbaum, who was mayor of Mexico City before being elected president, was criticized during her term for not taking stronger action against the dispossession of long-time residents as landlords rented out properties to digital nomads, tourists and other foreigners. Demonstrators say the government is still not doing enough. 'We're not against migration, which is a human right,' one of the collectives that organized the march wrote in a statement. 'But we have to recognize that the state, institutions and both local and foreign businesses offer different treatment to those with greater purchasing power.' Analysts have pushed back on the claims that an influx in foreigners is largely blame for rising costs in Mexico City. 'The reality is that, with or without gringos, housing in Mexico has become enormously more expensive,' Viri Ríos, a political scientist, wrote in El País newspaper. From 2005 to 2021, home prices throughout Mexico increased by 247%, she said. That includes states with low tourist flows, such as Morelos, where prices increased 193%. She said increases in Mexico City have actually decelerated since the pandemic. 'The rise in Mexico City precedes the gringos, is happening throughout the country and has causes that go beyond the arrival of tourists or digital nomads,' she wrote. More to blame, she said: High construction costs and public policies that mean building is not keeping up with demand. She said Mexico City officials had embraced Airbnb in large part because it is much easier to collect taxes from the company compared to long-term rentals, many of which are paid for with cash. Some of the neighborhoods currently at the center of debate were first gentrified by Mexicans. Mexico has long been the top foreign travel destination for Americans, its beaches and pueblos luring tens of millions of U.S. visitors annually. But Americans began flooding Mexico City in earnest around 2016, when the New York Times named it the world's top travel destination, and magazine writers wondered whether it was the 'new Berlin.' International artists, chefs and designers arrived, scooping up inexpensive studio spaces, opening restaurants and integrating themselves into the city's imaginative nightlife. The pandemic pushed it into overdrive. As much of Europe and Asia shut their doors to Americans in 2020, Mexico, which adopted few COVID-19 restrictions, was one of the few places where gringos were welcome. Making it easier: Americans have long been able to stay here up to six months without a visa. For remote workers earning in dollars, the appeal is clear: For the cost of a $2,500 one-bedroom in Los Angeles or New York, a person can rent a penthouse here. The phenomenon is transforming some of the city's most beloved neighborhoods into expat rings out everywhere in the leafy, walkable neighborhoods of Roma, Condesa, Centro and Juárez. For years, most people in this metropolis were unwaveringly kind and patient with international visitors. But some chilangos, as locals are known, have become fed up. A few years ago, expletive-laced posters appeared around town. 'New to the city? Working remotely?' they read in English. 'You're a f—ing plague and the locals f—ing hate you. Leave.' That sentiment echoed the hundreds of responses that poured in after a young American posted a seemingly innocuous tweet: 'Do yourself a favor and remote work in Mexico City — it is truly magical.' 'Please don't,' read one of the nicer replies. 'This city is becoming more and more expensive every day in part because of people like you, and you don't even realize or care about it.' Genoveva Ramírez, 35, who works in marketing and advertising, commutes two hours each day to the Juárez neighborhood because rent in the city is 'impossible for me.' So, too, is picking up the tab at restaurants. 'When you see those places, they're full of foreigners, and you understand why prices have risen so much, because foreigners do pay.' Still, she said she didn't blame them. 'Ultimately, it's not their fault.'
Yahoo
38 minutes ago
- Yahoo
How Jabil is driving growth for next-generation AI systems
Data center infrastructure is shifting fast — from liquid cooling to advanced optics and more. Jabil (JBL) executive vice president of global business units Matt Crowley joins Market Domination to explain how the company is investing in US manufacturing and moving deeper into high-value technologies like silicon photonics and co-packaged optics. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Um, and Matt, for for those who is not who are not as familiar with Jabil, um, talk to me about your role in this business. What exactly are you guys doing when you talk about transceivers and liquid cooling? Basically, you guys are helping build the racks that are in these data centers, right? We do. We do much more than that, actually. And so, you know, traditionally, uh, we've probably been viewed as a a company that puts together a bag of parts, but in actuality, we've expanded our capabilities dramatically. So, I mentioned transceivers, uh, we made an investment to bring in silicon photonic capabilities, which is effectively the transmission of data via light. It's got a much lower latency and it requires less power. And so having that core capability will set us up for success and adding much more value over time as things like co-packaged optics become a more standard technology. At the same time, inside of the data center, whereas previously all data centers were cooled with air, they're now being cooled with liquid. So having capabilities, understanding how to move liquid throughout the data center, cool chips with liquid versus air, that's a capability that adds value well beyond putting together and assembling a server. And so we really feel like we've done a good job of bringing on capabilities that add more value for customers and I think you're seeing that in our results. Um, as I mentioned, you saw that big growth year over year in this infrastructure business. If, if my math is right, it's about 40% plus, 44% of overall revenue last quarter, and you guys gave a projection that for the full fiscal year that revenue will be 8 and a half billion dollars, which will be up 50%. You're also putting some money into the manufacturing capacity now as a result of this, a $500 million investment in the southeastern US over the next several years. Is your constraint at this point capacity? In other words, do you have more demand than you're able to keep up with at this stage? We do have, uh, a significant amount of demand. Um, regardless of that, we would still build incremental capacity because one of the biggest value props of doing business with Jabil in this market is that we are a US domiciled US manufacturing company. And a number of our competitors with similar capabilities are Taiwanese or Chinese. And so as you think about AI, where it's going, the importance of AI, software and cloud, being and having a US manufacturing partner that can help protect the IP that comes along with this technology as well as the know-how, the process knowledge, it's incredibly important. We feel like the demand is going to just continue to grow, and so, yes, we're we're definitely, um, pushing up against some capacity, uh, in the US. Having more capacity, uh, we feel like is going to be something that's going to be, um, taken up pretty quickly. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data