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Ford CEO predicts electric vehicle price war, shake-up in favor of China and industry consolidation

Source: news7h.com news7h.com
News Snapshot:

[Auto Express] Ford CEO predicts electric vehicle price war, shake-up in favor of China and industry consolidation Ford CEO Jim Farley sees the auto industry as “fronted by a massive price war,” with the idea of ”democratizing electric vehicles” coming soon. The comments came in conversation with analyst Toni Sacconaghi, as part of Bernstein’s 38th Annual Strategic Decision Conference held earlier this week. In it, Farley has taken on a number of positions that are likely to make some Detroit facilities uncomfortable — like how the auto industry is about to be rattled by price pressures, a shakeup that could…

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