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"Fed funds futures are pricing in a 100 percent chance of a 50-basis-point rate cut at the Federal Open Market Committee's March meeting," said Khan, adding that Goldman Sachs said Sunday it expects rates to come down another 50 basis points in the second quarter.

"Everything is made in China, even a plastic cup," Ferman said. "If you make ... it more expensive (through tariffs), then all of our things will be too expensive. So we will end up taking too much money from the consumer's pocket. We cannot afford it."

"Explain to me the purpose behind the tariffs and the long-term view. What do you expect to get out of this? I don't know what the end game will be and the outcome for the US," he said.

"Different customer expectations must be met in terms of vehicle design, quality and performance, as well as overall customer experience management," he added.

"Few of them think they are handsomely paid, and consumer complaints and injuries are not uncommon in the sector, which worships speed," he said.