Ford Motor (F) Stock Falls After U.S. Secretary Flags China Technology Concerns

TLDR

• Transportation Secretary Sean Duffy sent a letter to Ford CEO Jim Farley raising “profound concern” over Ford’s ties to Chinese technology companies.
• The letter flagged Ford’s CATL battery license, a European joint venture with Geely, delayed Lincoln production moves, and talks with BYD on hybrid components.
• Ford pushed back, calling itself “the most American auto maker” and saying the letter was a “wrongheaded attempt to capture headlines.”
• Ford stock fell 4.2% on Tuesday, though most of that drop came before the letter was published, driven by higher oil prices.
• UBS held its Buy rating and $17 price target on Ford, implying around 20% upside from current levels near $14.09.

Ford stock slipped 4.2% on Tuesday after Transportation Secretary Sean Duffy published a letter to CEO Jim Farley expressing “profound concern” over the automaker’s relationships with Chinese companies. Ford stock was trading around $14.09, and UBS maintains a $17 price target on the stock, implying roughly 20% upside.

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