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Ford CEO Says Europe Is Lost to Chinese Electric Vehicles

Ford's chief executive has said Europe is effectively lost to Chinese electric vehicle makers, a striking admission from the head of a major American automaker. The comments underscore growing alarm among Western car companies over cheap, well-made Chinese EVs that are rapidly taking market share in Europe despite tariffs and political pushback.

Why now: It is a blunt concession from a leading Western automaker about Chinese manufacturers' dominance in the European EV market.

FordChinese electric vehicle makersEurope

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