Movement Alert｜Ford Falls 3.18% in Regular Trading, US Transportation Secretary Criticizes Its Business Ties With Chinese Companies

Market Focus

11 hours ago

On September 9, Ford fell 3.18% in regular trading, trading at $13.555/share, with turnover of $7.48 billion. The decline was triggered by mounting political pressure over the company's commercial partnerships with Chinese enterprises.

US Transportation Secretary Sean Duffy sent a letter to Ford CEO Jim Farley, expressing what he described as deep concerns over Ford's business relationships with Chinese companies including CATL, Geely, and BYD. Duffy characterized these partnerships as posing national security risks and urged Ford to sever the ties. Ford strongly rejected the allegations, calling the letter an ill-advised publicity stunt, and emphasized that the company is actively investing in domestic US battery production.

The political scrutiny compounds existing headwinds for Ford. The company recently pivoted its EV strategy by halting the pure-electric F-150 Lightning in favor of an extended-range variant, while its August US total sales declined 10.3% year-over-year and EV sales plunged 79% to just 2,197 units. Within the Automobile Manufacturers sector, Tesla edged up 0.04%, while General Motors fell 1.73%, Rivian dropped 1.27%, NIO declined 2.47%, and Ferrari slipped 0.9%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Within the Automobile Manufacturers sector, Tesla edged up 0.04%, while General Motors fell 1.73%, Rivian dropped 1.27%, NIO declined 2.47%, and Ferrari slipped 0.9%.</p><p>(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"F","symbol_name":"福特汽车","start_time":0,"source_url":"","article_id":"1195292113","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1195292113","pubTimestamp":1788983611,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On September 9, Ford fell 3.18% in regular trading, trading at $13.555/share, with turnover of $7.48 billion. 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Ford strongly rejected the allegations, calling the letter an ill-advised publicity stunt, and emphasized that the company is actively investing in domestic US battery production.The political scrutiny compounds existing headwinds for Ford. The company recently pivoted its EV strategy by halting the pure-electric F-150 Lightning in favor of an extended-range variant, while its August US total sales declined 10.3% year-over-year and EV sales plunged 79% to just 2,197 units. Within the Automobile Manufacturers sector, Tesla edged up 0.04%, while General Motors fell 1.73%, Rivian dropped 1.27%, NIO declined 2.47%, and Ferrari slipped 0.9%.(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. 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