• James R Kirk@startrek.website
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    5 hours ago

    This quote from Ford’s CEO:

    “It’s going to be a vibrant industry, but it’s going to be smaller, way smaller than we thought,” Ford chief executive Jim Farley said at an event on Tuesday.

    Combined with the following quote he recently said:

    Speaking on the Everything Electric Show podcast, Farley praised the [Xiaomi] electric sedan. “I don’t like talking about the competition so much, but I drive a Xiaomi,” he said. “We flew one from Shanghai to Chicago, and I’ve been driving it for six months now, and I don’t want to give it up.”

    Really feels like Kodak in the 90’s kinda-sorta investing in digital but not willing to fully transform a majority of business.