Ford Motor CEO Jim Farley Talks Rare Earth Supply
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Ford Motor CEO Jim Farley Talks Rare Earth Supply
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Ford Motor CEO Jim Farley says the company continues to struggle to obtain rare earth magnet supplies that are essential to car production and have already forced a temporary shutdown of one of its factories. The supply of the critical components has been trickling out of China, which has instituted a new approval process for exports of rare earths that continues to slow supply lines, Farley saidin an interview with Bloomberg's Matt Miller.
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