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Ford Motor announced a $1 billion investment to build a new paint shop at its truck plant in Kentucky, following criticism from the Department of Transportation regarding the automaker's reliance on China-linked supply chains. The investment underscores efforts by U.S. automakers to reshore manufacturing capacity amid heightened scrutiny of foreign sourcing. The move comes as automakers face mounting political and regulatory pressure to reduce dependence on Chinese components and materials.
Sources:CNBC Top News