Jim Farley does not think that these are Japanese and South Korean equitable brands avoid new prices
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by Brad Anderson
February 7, 2025 at 05:47
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- The brand will be injured by prices because it builds and imports vehicles from Canada, Mexico and China.
- The boss of Ford said that you could not just cook up “because he creates a boon for competitors.
- Ford key models like Bronco Sport, Maverick and Mustang Mach-E are built in Mexico.
Ford’s chief executive officer Jim Farley is not too satisfied with President Donald Trump’s pricing policies having an impact on the automotive industry. However, rather than crying a fault in connection with the prices introduced against Mexico and Canada (which have now been interrupted) and China, Farley suggested that more widespread prices could be necessary for even the rules of the game.
While speaking of the call for results from the fourth quarter of Ford, Farley noted that brands like Toyota and Hyundai can import hundreds of thousands of Japanese and South Korea vehicles without any price. According to Farley, “we cannot just choose one place or another because it is a boon for our import competitors.”
Read: Trump prices could cost us $ 33 billion in the automotive industry
“There are millions of vehicles that enter our country that are not applied to these (incremental prices),” he added. “So, if we want to have a price policy … It is better to be complete for our industry.”
It is hardly a surprise that Ford feels unjustly targeted. Although it is an American brand, it produces vehicles like Bronco Sport, Maverick and Mustang Mach-E in Mexico, then imported them into the United States. In addition, he built Lincoln Nautilus in China and sold it in the United States. The exclusive Mustang GTD will also be assembled by multimatic in Canada. Consequently, Ford could be touched by 25% tariffs oriented against Mexico and Canada, as well as 10% prices on Chinese imports.
CNBC reports that 46.6% of all new vehicles sold in the United States last year were produced internationally. Mexico was the largest importer, representing approximately 16.2% of all vehicle sales. South Korea was the second largest, with a share of 8.6%, followed by Japan at 8.2%. Japanese vehicles are currently subject to a 2.5% function, but it is a change of chump compared to new tariffs of 10% and 25% on other markets.
It is not only South Korean brands like the Hyundai Motor Group which benefit from not having to pay prices. Ford’s main rival, GM, built both the Buick still GX and envisaged South Korea and imported them into the United States.
