Ford CEO pitched Chinese joint ventures to Trump administration officials [Los Angeles Times (CA)]
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Source: Los Angeles Times
cars in America while offering some protection for domestic companies, according to people familiar with the discussions. The idea discussed by Ford Chief Executive Officer Jim Farley and Trump cabinet members last month involved Chinese carmakers partnering with US companies through joint ventures in which the American company holds a controlling stake, said the people, who asked not to be identified because the discussions were private. The ventures would be structured so that both the Chinese and US partners would share profits and technology in the JV, the people said. No decision has been made on the matter and the discussion was characterized by the people as informal and preliminary. Such a setup would be a mirror image of what China required of Western automakers three decades ago, when they had to partner with Chinese carmakers in order to set up factories in that country. The discussions, which haven't been previously reported, come as China's automakers move ever clos
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