Ford CEO says China operations earned $600 million in 2024

Ford CEO says China operations earned 0 million in 2024

Ford Motor CEO Jim Farley during a reveal of a special-edition Ford Mustang GTD for the Detroit Auto Show on Jan 9, 2024.

Michael Wayland/ CNBC

DETROIT — Ford Motor‘s operations in China earned roughly $600 million last year despite challenging market conditions, CEO Jim Farley said Thursday night.

“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 said following a vehicle reveal for the Detroit Auto Show.

Farley said those earnings included the export of vehicles such as the Lincoln Nautilus, which is exclusively produced in China for other markets such as the U.S.

China has been an increasingly challenging market for automakers, especially western legacy companies such as Ford and General Motors.

Ford does not report earnings by region, but Farley has previously touted the company’s evolving “asset-light” strategy in China.

Source

World

U.S. approves Samsung, SK Hynix chipmaking tool shipments to China for 2026: Reuters

December 30, 2025

Samsung Electronics’ fourth-generation high bandwidth memory or HBM3 chips have been cleared by Nvidia for use in its processors for the first time, three people briefed on the matter said. SeongJoon Cho | Bloomberg | Getty Images The U.S. government has granted an annual license to Samsung Electronics and SK Hynix to bring in chip manufacturing equipment to […]

World

China encircles Taiwan in massive military display

December 30, 2025

A giant screen shows a news report on China’s “Justice Mission 2025” military drills around Taiwan, in Beijing, China Dec. 30, 2025. Tingshu Wang | Reuters China fired rockets into waters off Taiwan on Tuesday, showcased new assault ships and dismissed prospects of U.S. and allied ⁠intervention to block any future attack by Beijing to […]

World

Corti will go public but not in 2026, AI healthcare CEO tells CNBC

December 30, 2025

Key Points “We will definitely go public at some point,” Corti CEO Andreas Cleve tells CNBC. The Danish company has developed AI infrastructure for healthcare, focused on text and audio data. Cleve ruled out going public in 2026 but declined to give a more specific timeline, saying: “The private market is still very appealing when […]