Ford CEO Farley rejects claims of excessive reliance on Chinese automakers

  • Jim Farley rejected Sean Duffy’s claims that Ford relies too heavily on Chinese car companies.
  • Ford shares fell 3.93% as the dispute focused on overseas ties and Michigan’s battery plant.
  • Farley made the remarks Wednesday during an interview with The Wall Street Journal.

Ford Motor Chief Executive Jim Farley rejected Transportation Secretary Sean Duffy’s claims that the automaker is becoming overly reliant on Chinese car companies. Farley said the allegations concerned Ford’s overseas business partnerships and a battery plant in Michigan, and could be resolved through a five-minute call. Ford shares fell 3.93%.

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