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Ford's CEO warned the U.S. not to repeat Europe's mistake on Chinese automakers

Jim Farley said Europe failed to act deliberately enough as Chinese brands' market share there climbed to 12% by August

Bloomberg / Getty Images

Ford $F Motor CEO Jim Farley warned Tuesday that the U.S. should move carefully before deciding whether to allow Chinese automakers into the American market, pointing to Europe as an example of what happens when that deliberation doesn't occur, according to CNBC.

Speaking at the Automotive News Congress in Detroit, Farley put it plainly: "I think it is just important for us to take our time to be considerate. I watch what's happening in Europe right now, where that was not the case, and it's really something that they have to deal with now, and........

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