Trump Administration Voices 'Profound Concern' Over Ford's Ties to China
Transportation Secretary Sean Duffy sent a letter to Ford CEO Jim Farley questioning the automaker's business dealings with Chinese companies.
The Trump administration has expressed "profound concern" over Ford Motor Company's relationships with Chinese firms, according to a letter sent by U.S. Department of Transportation Secretary Sean Duffy to Ford CEO Jim Farley, as reported by CNBC.
In the letter, Duffy reportedly questioned Ford's strategic direction as it pertains to its involvement with Chinese companies, though the specific business arrangements at issue were not detailed in the available reporting.
CNBC did not immediately publish the full text of the letter or additional comment from Ford or the Department of Transportation. It remains unclear what specific actions, if any, the administration is seeking from the automaker.
Ford has previously disclosed partnerships and licensing arrangements involving Chinese battery technology as part of its electric vehicle manufacturing plans in the United States. The extent to which those arrangements are connected to the concerns raised in Duffy's letter was not specified in the source material.
This is a developing story. Further details on the administration's specific objections and Ford's response were not available at the time of this report.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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