KARS - 'Unlevel Playing Field:' Former Ford CEO Mark Fields Calls For Short-Term Ban On Chinese Rivals To Aid US Automakers | Benzinga
As the debate over allowing Chinese automakers into the U.S. market intensifies, former Ford CEO Mark Fields voiced his opinion, advocating for a temporary restriction on their entry.
‘Unfair’ Playing Field: Fields in a CNBC interview argued that Chinese companies benefit from government incentives and grants, giving them an unfair advantage. Warren Buffett-backed BYD Co (OTC:BYDDF) (OTC:BYDDY), however, has refuted this.
Field compared this to China’s past strategies in other industries like aluminum and steel, highlighting the potential for significant economic impact in the auto industry.
“The U.S. should for a period of time, not for forever, but for a period, prevent these Chinese vehicles from coming into the marketplace,” he said.
“And so when you look at the advantages ...