Ford CEO says Duffy's letter reflected 'basic misunderstandings': report

Ford Motor Co. CEO Jim Farley is pushing back on Transportation Secretary Sean Duffy's accusations that the automaker is becoming too reliant on China, calling them "basic misunderstandings" that could have been cleared up with "a simple five-minute call."In an interview Wednesday with The Wall Street Journal, Farley rejected allegations in a letter from Duffy accusing Ford of "actively intertwining its future with Chinese state-backed enterprises.""These are basic misunderstandings, mistruths,