As Donald Trump prepares to take office for his second term, Ford Motor Company’s executive chairman, Bill Ford, remains optimistic about the impact of the incoming administration on the U.S. automotive industry. Despite Trump’s historically controversial relationship with automakers, Bill Ford believes the former president’s renewed focus on the industry and its workers signals a more collaborative future.
Trump and the Auto Industry: A New Chapter?
During a recent conversation with Trump, Bill Ford said the president-elect expressed a strong desire to support American automakers and their workforce. “He [Trump] understands the importance of our industry,” Ford stated, emphasizing that their dialogue highlighted Trump’s intent to help U.S. car manufacturers thrive.
Trump’s policies during his first term often sparked tensions with automakers, from criticism of Mexican manufacturing operations to disputes over California’s emissions standards. This time, however, Ford believes there’s a shift in perspective, as Trump aims to foster closer ties with the industry and its workers.
EV Tax Credits in Question
One potential area of concern for automakers is Trump’s reported plan to scrap the $7,500 federal electric vehicle (EV) tax credit. Ford acknowledged the issue, noting that he discussed the matter directly with Trump. While specifics remain unclear, Ford expressed confidence that the company would have “a voice and a seat at the table” in shaping future EV-related policies.
Musk-Trump Connection: A Positive for the Industry?
On the growing relationship between Trump and Tesla CEO Elon Musk, Bill Ford appeared unfazed. He described Musk as aligned with many of Ford’s priorities and echoed comments from Hyundai’s new CEO, Jose Munoz, who recently suggested that Musk’s proximity to Trump could benefit the automotive sector.
Munoz remarked that Musk’s influence in both the U.S. automotive and EV markets is “a positive for the industry.” Ford shared this sentiment, downplaying concerns about favoritism and emphasizing shared goals across the industry.
Ford’s Strong Performance in China
Meanwhile, Ford’s CEO Jim Farley highlighted a rare bright spot for Western automakers in China. Speaking at the Detroit Auto Show, Farley revealed that Ford earned approximately $600 million in the Chinese market in 2024, bucking the trend of declining profits for many foreign brands in the region.
“I’m happy to say that Ford makes money in China, and I’m very proud of that, because not many [automakers] can say that,” Farley noted. This achievement reflects Ford’s strategic positioning and resilience as local Chinese brands continue to dominate the market.
Looking Ahead
As the automotive industry braces for potential policy shifts under Trump’s second term, Ford’s leadership remains hopeful about opportunities for collaboration and growth. With strong performance in China and optimism about domestic policy changes, Ford appears poised to navigate the challenges and opportunities ahead.
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