Ford Motor enlists powerful partner in fight with China over Europe

Core Insights - U.S. automobile manufacturers are expressing concerns about the upcoming European Commission's climate and green energy proposal, particularly regarding potential stricter emissions targets and the phase-out of internal combustion engines [1][2]. Group 1: Industry Concerns - Stellantis chairman John Elkann emphasized the need for a collaborative approach to emissions reduction to avoid an "irreversible decline" in the European auto industry [2][3]. - Ford CEO Jim Farley highlighted that the European auto industry is facing challenges due to insufficient demand for electric vehicles (EVs) among consumers and businesses [4][5]. Group 2: Competition and Market Dynamics - Farley warned that European regulations are enabling increased competition from state-subsidized Chinese EVs, which have doubled their market share in Europe to 5.5% within a year [7]. - The European automotive sector has experienced significant job losses, with 90,000 jobs lost in 2024 alone, and production levels remaining 3 million units below pre-COVID figures [7]. Group 3: Strategic Partnerships - In response to the competitive threat from Chinese manufacturers, Ford announced a new partnership with Renault to develop EVs in Europe, aiming to provide an alternative to the influx of Chinese imports [8][9].