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Ford CEO tells employees Chinese automakers could enter U.S. market in next decade
(www.reuters.com)
this post was submitted on 31 Jul 2026
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Technology
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Thank the Lord in heaven! I'd buy a BYD right now if I could.
Let's take stock for a moment. A freaking Toyota Corolla is pushing $30,000. A Corolla.
A regular F-150 is $60,000+. The average new car sells for around $40,000, and the average monthly payment is close to $1,000.
And guess what? They're not selling. They're just too expensive. A Ford Raptor is over $100,000. Over $100,000. Dealerships are flooded with them, and they still aren't making meaningful deals.
From a purely economic perspective, we need competition from China to force this market back toward affordable vehicles, because there are no genuinely cheap, affordable new cars in this country anymore.
Why are Chinese cars so inexpensive?
Because they have invested heavily into automation. A couple years ago the ford ceo went over there and came back terrified. He didn’t think it here was any way that american companies had a chance of competing.