Trump administration expresses 'profound concern' over Ford's ties to China
In a letter to Ford CEO Jim Farley, U.S. DOT Secretary Sean Duffy questioned the automaker's strategic trajectory involving Chinese companies.
TL;DR
- The Trump administration expressed "profound concern" about Ford's ties to Chinese companies.
- Transportation Secretary Sean Duffy questioned Ford's strategic trajectory with Chinese companies, citing national security and supply chain risks.
- Ford defended its position as the top U.S. automaker and employer, calling the administration's concerns "wrongheaded" and citing factual errors in a letter from Secretary Duffy.
- The letter specifically mentioned Ford's relationship with battery provider CATL and a proposed framework for Chinese joint ventures in the U.S.
- Ford stated that had Secretary Duffy reached out before publicizing his concerns, the company would have provided more details about its commitment to U.S. manufacturing.