CNBC
The Trump administration expressed “profound concern” Tuesday about Ford Motor ’s ties to Chinese companies that it believes could be detrimental to the Detroit carmaker and U.S. automotive industry.
In a letter addressed to Ford CEO Jim Farley, Transportation Secretary Sean Duffy questioned the automaker’s strategic trajectory with Chinese companies “as it pertains to American national automotive manufacturing integrity, supply chain exposure, and reliance on technologies of foreign adversaries.”
Ford, which regularly touts its position as the top-producing automaker in the U.S., called the letter a “wrongheaded attempt to capture headlines.”
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