U.S. automaker Ford Motor Company announced Monday that it would pause construction of a billion-dollar plant in Michigan involving a Chinese electric vehicle battery company.
“We’re pausing work and limiting spending on construction on the Marshall project until we’re confident about our ability to competitively operate the plant,” Ford spokesperson T.R. Reid told FOX Business. “We haven’t made any final decision about the planned investment there.”
Ford announced in a ceremony earlier this year that it would invest $3.5 billion to build the plant in Marshall, Michigan. As part of the announcement, the U.S. automaker said it had reached an agreement with Contemporary Amperex Technology (CATL), a Ningde, China-based firm, to manufacture battery cells at the plant using services provided by the Chinese company.
While Democrats including Michigan Gov. Gretchen Whitmer applauded Ford’s announcement, since it was unveiled in February, Republicans and national security experts have blasted the company for teaming up with a Chinese firm with ties to the Chinese Communist Party on such a major investment.
The plan had been considered for Virginia, though it never reached a final discussion stage. Republican Gov. Glenn Youngkin opposed the plant over China’s potential influence in the plan and argued that “CATL and the Chinese Communist Party would have full operational control over the technology.”
“There was zero strict scrutiny or due diligence, concerns of our intelligence and national security agencies were ignored and mocked,” they continued. “The halting of the construction is the natural result of the consent of the governed being ruptured by government and business elites. With citizen activists, we are not relenting or letting our guard down. We will keep fighting against the Ford-CATL and Gotion deals until they are no more.”
Although it is not state-owned, Chinese investors tied to the CCP have held financial stakes in CATL, according to a New York Times review. The Chinese government has also taken strategic steps over the last decade to bolster CATL and other electric vehicle industry companies based in China.
In addition, Zeng Yuqun, who founded CATL in 2012 and remains its top executive, was identified last year as a member of the Chinese People’s Political Consultative Conference (CPPCC) National Committee. According to a U.S. government report published in 2018, the CPPCC is a “critical coordinating body” that brings together representatives of Chinese interest groups and is led by the CCP’s Politburo Standing Committee.
The CPPCC highlighted Yuqun’s work with CATL fortifying China’s lithium supply chains which are crucial for electric vehicle production and other green energy development.
Earlier this month, a group of House Republicans — led by Energy and Commerce Chair Cathy McMorris Rodgers, R-Wash., and Energy and Commerce Oversight Subcommittee Chair Morgan Griffith, R-Va. — wrote to Ford CEO Jim Farley, expressing concern over the proposed plant.
“While Ford has labeled this project a ‘commitment to American manufacturing’ and asserts it will create 2,500 new American jobs, we are concerned that Ford’s partnership with a Chinese company could aid China’s efforts to expand its control over United States electric vehicle supply chains and jeopardize national security by furthering dependence on China,” they stated in their letter.
“Should China gain control of domestic electric vehicle production, the United States would be exposed to serious national security risks at a time of escalating geopolitical tensions.”
GOP leaders on the House Ways and Means Committee and the House Select Committee on the Chinese Communist Party have raised concerns about the project in separate inquiries to Ford.
House GOP: Biden’s ‘Organized Crime Ring’ Likely Received $50 Million in Bribes, Much From China
House Republicans have revealed that they believe Democrat President Joe Biden and his family likely received a staggering $50 million in bribe payments.
Previously, House Oversight Committee investigators uncovered bank records showing $20 million in payments to Biden family accounts.
However, Republicans have now revealed that the Bidens’ alleged influence-peddling business could have raked in an additional $30 million in bribes from foreign nationals.
“Based on the evidence I’ve seen so far, I think the number is going to be north of $50 million that we’re talking about here,” Rep. Nancy Mace (R-SC) told Fox News.
Bank records published by the House Oversight Committee showed the Biden business received at least $20 million from business schemes in Romania, China, Russia, Ukraine, and Kazakhstan.
In total, nine Biden family members received payments from the family foreign business ventures.
Those family members included two of Joe Biden’s grandchildren.
“This will go down as one of the most politically corrupt presidents and families in U.S. history,” Mace added.
“And we’ve got to show and prove it to the American people.
House Oversight Committee Chair James Comer (R-KY) also supported Mace’s $50 million prediction.
“Do you believe that number is realistic and right?” Sean Hannity asked Comer on his Fox News show.
“I do think it’s realistic,” Comer replied.
Jim Biden secretly negotiated a $140 million settlement deal in 2012 between a U.S. company and the Saudi Arabian government, court documents revealed.
“We haven’t gotten to Jim Biden,” Comer said.
“The subpoena for Jim Biden’s personal bank records will be the first crack at Jim Biden.
“Remember, Jim Biden didn’t leave a laptop lying around, so it’s not been as easy to track his transactions.”
The Committee has confirmed that Comer intends to subpoena Hunter and James Biden for personal and business bank records as soon as this week.
Comer did not issue subpoenas sooner because the Committee insisted on practicing restraint to “show good faith.”
Hunter Biden denied the committee’s request in February for bank documents and communications.
The first son claims the demands lacked a “legitimate legislative and oversight basis” to request relevant information.
“We believe that this was a very organized crime ring because of the way the money was disbursed through LLCs and the shell companies and the way the money was disbursed through the various Biden members,” Comer told Hannity.
“Joe Biden was very involved in this,” Comer added.
“He knew what the family was doing.”
Meanwhile, the White House, Democrats, and their allies in the corporate media push outright disinformation by claiming there is “no evidence” to support an impeachment inquiry into Joe Biden.
“I can tell you that he did not share money from his businesses with his dad.
“And as the evidence out there, his dad, like all good parents, tried to help Hunter when Hunter needed that help.”
The statement by Lowell, a newer member of the Hunter Biden defense team, is a dramatic narrative shift in the Biden world.
EXCLUSIVE: Hunter Biden received wires that originated in Beijing for more than $250,000 from Chinese business partners during the summer of 2019 — wires that listed the Delaware home of Joe Biden as the beneficiary address for the funds, Fox News Digital has learned from a congressional committee.
House Oversight Committee Chairman James Comer, R-Ky., has been investigating the Biden family business dealings and President Biden’s alleged involvement in those ventures.
As part of the investigation, Comer subpoenaed financial records related to a specific bank account and received records of two wires originating from Beijing and linked to BHR Partners.
BHR Partners is a joint-venture between Hunter Biden’s Rosemont Seneca and Chinese investment firm Bohai Capital. BHR Partners is a Beijing-backed private equity firm controlled by Bank of China Limited. Hunter Biden reportedly sat on the board of directors of BHR Partners.
The first wire transfer sent to Hunter Biden, dated July 26, 2019, was for $10,000 from an individual named Ms. Wang Xin. There is a Ms. Wang Xin listed on the website for BHR Partners. It is unclear if the wire came from that Wang Xin.
The second wire transfer sent to Hunter Biden, dated Aug. 2, 2019, was for $250,000 from Li Xiang Sheng — also known as Jonathan Li, the CEO of BHR Partners — and Ms. Tan Ling. The committee is trying to identify Ling’s role.
The beneficiary for the wires is listed as Robert Hunter Biden with the address “1209 Barley Mill Rd.” in Wilmington, Delaware. That address is the main residence for President Biden.
Comer and the House Oversight Committee have obtained bank records as part of their investigation, alleging that the Biden family and their business associates received millions of dollars from oligarchs in Russia, Ukraine, Romania and Kazakhstan during the Obama administration.
Fox News Digital has also learned that the committee has records that allegedly reveal that from 2014 to 2019 the Biden family and their associates received $24 million in foreign payments — $15 million to the Bidens and $9 million for their business associates, $4 million more than previously known.
Committee aides told Fox News Digital that beneficiary addresses are either the address listed to the recipient account or listed by the individual sending the wire. It is unclear, based on the wire records, who listed the address.
Hunter Biden spent time in 2017, 2018 and 2019 living at the Biden family home in Wilmington. It is unclear if he was living at the home at the time of the wire transfers in July and August 2019.
The wires were sent just several months after then-Vice President Joe Biden announced his 2020 presidential campaign. Joe Biden, in August 2019, said he “never discussed with my son or my brother or anyone else anything having to do with their business, period.”
As for Jonathan Li, according to testimony from Hunter Biden’s former business associate, Devon Archer, as part of the House Oversight Committee’s investigation, Joe Biden sat down for coffee in Beijing with the CEO of BHR. Archer also testified that Biden wrote a college recommendation letter for Li’s daughter to Georgetown. Archer said Hunter Biden put his father on speakerphone for at least one call with Li in addition to meeting for coffee.
Separately, Fox News Digital first reported in 2022 that Biden wrote a college recommendation letter for Li’s son to Brown University.
“Bank records don’t lie, but President Joe Biden does,” Comer told Fox News Digital.
“In 2020, Joe Biden told Americans that his family never received money from China. We’ve already proved that to be a lie earlier this year, and now we know that two wires originating from Beijing listed Joe Biden’s Wilmington home as the beneficiary address when he was running for president of the United States. When Joe Biden was vice president, he spoke on the phone and had coffee with Jonathan Li in Beijing and later wrote a college letter of recommendation for his children,” Comer said.
“Joe Biden’s abuse of public office for his family’s financial gain threatens our national security. What did the Bidens do with this money from Beijing? Americans demand and deserve accountability for President Biden and the first family’s corruption. The Oversight Committee, along with the Judiciary and Ways and Means committees, will continue to follow the evidence and money to provide transparency and accountability.”
Despite Hunter Biden receiving more than a quarter of a million dollars in the summer of 2019 from BHR-linked individuals, in October 2019, then-attorney for Hunter Biden, George Mesires, explained Hunter’s role at the company by saying he “served only as a member of the board of directors, which he joined based on his interest in seeking ways to bring Chinese capital to international markets.”
“It was an unpaid position,” Mesires said on Oct. 13, 2019. “In October 2017, Hunter committed to invest approximately $420,000 USD (as of 10/12/2019) to acquire a 10% equity position in BHR, which he still holds. To date, Hunter has not received any compensation for being on BHR’s board of directors. He has not received any return on his investment; there have been no distributions to BHR shareholders since Hunter obtained his equity interest.”
Hunter resigned from the board of BHR at the end of October 2019.
The White House, attorneys for Hunter Biden and Mesires did not immediately respond to Fox News Digital’s request for comment. The White House maintains that the president was “never in business with his son.”
The subpoenaed financial records come amid House Republicans’ impeachment inquiry investigation against President Biden.
Hunter Biden received $250,000 from China in bank transfers that listed Joe’s Delaware HOME as address, top Republican claims after obtaining bombshell bank records
The GOP released the latest evidence in the investigation just two days before Republicans hold their first impeachment Inquiry hearing
Henry Ford’s use of a moving assembly line finally made it possible for average working Americans to own cars.
Automobiles were toys for the rich, but in 1920 Ford lowered the price of a new Model T to $260, about $3,500 in current dollars. Try buying a new car today for $3,500.
What caused the price of cars to skyrocket, far beyond the rate of inflation? Other consumer products have not similarly spiked. In 1920 a new radio, the latest consumer craze, cost about $150. Cumulative inflation since then has been 1,425%, so that radio should now cost $2,288. But Amazon sells new radios with better sound for $30. In 1950 a new 14-inch TV, the new fad, cost $160, more than $2,000 in 2023 dollars. Yet Best Buy sells a 43-inch TV for only $270.
Scores of consumer products have gone down in real dollars as technology improved, while the price of cars has gone through the roof. Even though Ford upgraded to the latest technology with its Model A, by 1930 the car still sold for $650, less than half the average Americans’ annual income. Adjusted for inflation, such an everyday car would now cost $11,875. But Kelley Blue Book shows the average car today sells for $49,388 — a 7,600% increase. And the government is hell-bent on forcing everyone to switch to electric vehicles, which now average $66,000 — more than the average American’s total annual income.
A recent MotorTrend article, “We can live with the government’s push for electric cars,” began by asserting that car buyers survived earlier mandates.
“Back in the early 1970s, MotorTrend spilled a lot of ink railing against federally mandated emissions and fuel economy standards. We argued government mandates would drive up car prices…” Apparently, we’re supposed to chuckle at silly 1970s thinking, but it wasn’t silly — it is exactly what happened.
Government mandates are the primary reason car prices spiked so sharply compared to other products. Most mandates were safety-related, beginning in the 1960s when the Department of Transportation began requiring seat belts, padded dashboards, safety glass, head rests and collapsible steering columns. Later mandates focused on car body and chassis design. Automakers added entire divisions of safety engineers, accountants, and report writers as governments regulated everything from crash test dummy design to years-long testing requirements. More recent mandates required disc brakes, electronic stability control systems, tire inflation monitoring and backup cameras. Anti-drunk driving technology is now required, starting in 2026.
All those mandates increased the cost of making cars, but they pale in comparison to emission requirements that started with EPA in 1970. The agency began by banning leaded gasoline, requiring a complete redesign of decades-old engine technology. California’s catalytic converter requirement soon became national policy, and EPA has since added requirements for computer technology, fuel injection, exhaust systems, onboard diagnostics and much more. EPA itself estimates that emission equipment manufacturing now employs 65,000 people and sells over $26 billion annually. That has resulted in major declines in auto fatalities since the 1960s, and especially the incredible achievement in cleaning up air pollution since the 1970s. But don’t be under any delusion about why car prices are so much higher these days.
Nor is there any relief in sight. The National Highway Traffic Safety Administration now proposes stricter emission standards, this time not to reduce auto emissions, but to eliminate them. The new regulations would require a “2% per year improvement in fuel efficiency for passenger cars, and a 4% per year improvement for light trucks… reaching an average fleet fuel economy of 58 miles per gallon by 2032.” A Heritage Foundation analysis concludes that the mandate would increase average car prices by another $7,200 per vehicle. Even then, that gas mileage goal isn’t possible with existing gasoline engines, as the agency’s own chief, Ann Carlson, admits — but that isn’t her real objective, anyway. The goal is to require a nationwide conversion to electric vehicles.
That’s about neither safety nor pollution. It’s about fundamental transformation of the American economy — not the National Highway Traffic Safety Administration’s job. Before her current appointment, as a UCLA professor, Carlson helped lead the California plan to ban gas-powered vehicles. She said it is “impossible” to achieve climate goals without “moving away from the internal combustion engine.”
That’s more than what her agency disingenuously calls “updating fuel economy standards.” It is a plan to make electric vehicles mandatory, and the cost of driving — for the first time since Henry Ford — prohibitive for average working Americans.
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It’s Biden’s great green car crash! He plays the picket line hero – yet it’s HIS lunatic electric vehicle diktat that will destroy their jobs… and drive Dems off a cliff
MARCUS: President Joe Biden stumbled down the shortened stairs of Air Force One into the Motor City on Tuesday to show solidarity with auto workers. It was unprecedented, the lapdog media brayed. Biden is the first sitting-president to walk a picket line with a union on strike. Albeit he stood for about 12 minutes, then spent 87 seconds spitting slogans through a bullhorn, before jetting off to a San Francisco fundraiser where donations topped out at $100,000. Biden wore a United Auto Worker baseball cap, a jacket emblazoned with the Presidential seal and fist-bumped the men and women on the line. He repeated tired talking points about corporate greed that he’s levelled at every industry from oil producers to meat packers. Regardless, it was billed as an unparalleled show of support. More likely we’ll look back on this moment and say: that’s why Democrats lost the White House .