Ford CEO Questions Tesla’s Approach to Autonomy, Challenges Valuation

Ford Motor Co CEO Jim Farley recently spoke at the Aspen Ideas Festival, where he questioned Tesla Inc’s approach to autonomy and challenged the logic behind betting on it. Farley expressed that Alphabet Inc’s Waymo’s lidar-based system makes more sense than Tesla’s camera-only model, citing consumer trust and safety. In his speech, Farley highlighted the importance of safety in autonomous driving, stating that lidar is a safety non-negotiable. He also revealed that Ford gave up chasing Level[…]

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Jim Farley, Ford CEO in Awe of Chinese EV Industry

Ford CEO Jim Farley was left in awe of China’s electric vehicle industry, which has rapidly risen to become a global giant. Speaking at the Aspen Ideas Summit on Friday, Farley described his experience as “the most humbling thing I’ve ever seen”. Farley has made six or seven trips to China in the past year to observe the competition. One of the significant takeaways from his visits is the advanced in-vehicle technology employed by Chinese firms. “They[…]

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