Western carmakers ‘in fight for lives’ against Chinese rivals, says Ford boss

Ford and Renault have announced a partnership to develop affordable electric vehicles and commercial vans, aiming to compete against the influx of low-cost Chinese electric models in Europe. This collaboration is expected to leverage Renault's industrial capabilities alongside Ford's design expertise to create vehicles that embody the Ford brand's spirit.

JPMorgan Chase has enlisted prominent figures including Jeff Bezos, Michael Dell, and Ford CEO Jim Farley to advise on its $1.5 trillion national security initiative, alongside former military leaders and politicians. This strategic move aims to bolster the bank's influence and expertise in national security matters.

Ford and Renault have announced a collaboration to produce two entry-level electric vehicles in Europe, aiming to strengthen Ford's position in the competitive market against low-cost Chinese cars. This partnership marks a significant step in Ford's strategy to revitalize its European operations amid ongoing challenges in the automotive sector.

Ford CEO Jim Farley has issued a stark warning regarding the precarious state of the European auto industry, highlighting significant challenges that could jeopardize its future. This warning coincides with the anticipated unveiling of a new environmental law proposal by European lawmakers, which is expected to further complicate the landscape for automakers operating in the region.