Just days after saying Chinese carmakers should be kept out of America, Ford Motor’s top executive said his company is looking to expand business ties to Chinese automakers.
Chief Executive Officer Jim Farley told Fox News on Monday: “We should keep them out of our country.”
But speaking to reporters Wednesday about a reorganization at Ford, Farley seemed to try to walk back his tough words on China.
He said his company benefits from partnerships with Chinese carmakers, who are rewriting the rulebook with their low-cost, high-tech offerings.
“We value our Chinese partners, they help us stay sharp and compete in many markets around the world,” Farley said.
“We will continue to expand these partnerships.”
Farley added that he had “no news” to announce. Ford has been in discussions with Zhejiang Geely Holding Group about sharing manufacturing capacity in Europe and with BYD Co. about potentially supplying batteries for gas-electric
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