Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
As Ford Lands In China’s Crosshairs, Corporate America Holds Its Breath
Wednesday wasn't devoid of trade escalations, just in case you missed the memo.
A day after rallying alongside other auto shares, Ford fell by more than 1% on Wednesday, after China fined the company's Chinese joint venture $23.6 million ostensibly due to antitrust concerns.
Changan Ford, China contends, has been busy "restricting retailers' sales prices" in a city (Chongqing) the vast majority of Americans have never heard of and couldn't pronounce if their lives depended on it.
These pric
Chongqing – used to be spelled Chunking – you know, like the chow mein most Americans considered Chinese cuisine when I was growing up in the Fifties lol – thank goodness we in Ky finally got some REAL Chinese restaurants down here in the Sixties/Seventies…
Chongqing, 30 millions inhabitants. Got some bad press a couple of years ago due to corruption. A Brit was murdered there as the time and the wife of the local communist party chief got a death sentence for this crime. I don’t know whether she was actually executed. It is not really a city, but very impressive, far from the coast.
well there you go.