Business
Ford’s Use of Chinese Tech Called ‘Unacceptable’ by Transportation Secretary
Transportation Secretary Sean Duffy sharply criticized Ford Motor’s F -3.93%decrease; down pointing triangle business with Chinese automotive firms, saying the company’s “reliance on technologies of foreign adversaries” isn’t sustainable for America.
“While DOT recognizes the intense competitive pressures of the global market, the company’s recent strategic decisions paint a troubling picture of a foundational American brand actively intertwining its future with Chinese state-backed enterprises,” Duffy said in a letter to Ford Chief Executive Jim Farley that was made public Tuesday.
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