Ford CEO says taking apart Tesla, Chinese EVs was ‘shocking' — forcing him to overhaul company
1. Ford's CEO recognized the need for a complete overhaul after competitor analysis. 2. Model E division is losing significant money but aims to compete in EV market. 3. Farley warns US EV makers are lagging behind aggressive Chinese competition. 4. Chinese EV market is booming, with manufacturers gaining substantial global market share. 5. Farley drives competitors' vehicles to better understand and improve Ford's offerings.