Ford CEO says it's 'too late' for Europe to fend off Chinese automakers, but not U.S.

Ford CEO Jim Farley said it's 'too late' for Europe to fend off Chinese automakers, but not for the U.S. His warning comes on the heels of a high-profile visit last week by Chinese President Xi Jinping with President Donald Trump. Farley's comments highlight growing competitive pressure from Chinese electric vehicle makers in global markets.