A New York man was sentenced today to 24 months in prison for conspiring to steal General Electric (GE) trade secrets, knowing or intending to benefit the People’s Republic of China (PRC). Xiaoqing Zheng, 59, of Niskayuna, New York, was convicted of conspiracy to commit economic espionage, following a four-week jury trial that ended on March 31, 2022. US District Judge Mae A. D’Agostino also sentenced Zheng to pay a $7500 fine and serve one year of post-imprisonment supervised release.
“This is a case of textbook economic espionage. Zheng exploited his position of trust, betrayed his employer and conspired with the government of China to steal innovative American technology,” said Assistant Attorney General Matthew G. Olsen of the Justice Department’s National Security Division. “The Justice Department will hold accountable those who threaten our national security by conniving to steal valuable trade secrets on behalf of a foreign power.” Continue reading
Ford Claims F-Series Retains Title of Best-Selling Truck in 2022
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F-series will surpass 640,000 trucks in 2022, making it America’s best-selling truck for 46 consecutive years and America’s best-selling vehicle for 41years after selling an average of at least one F-Series Truck every 49 seconds last year, Ford Motor (NYSE: F) said today. The lineup is impressive – F-150 to F-550 chassis cab, entry level XL to well-equipped Limited, EcoBoost to the all-electric F-150 Lightning.
However, since Ford’s Edsel and Mercury brands are long gone and Lincoln is not in this segment, there is room to debate that General Motors with its Chevrolet, GMC and Hummer pickup lines might sell a greater number of pickups when final sales numbers are in. This also means that Ford Maverick, Ranger, F-150, Super Duty all the way up to F-750 should also be included in the competitive tally for Number One . Continue reading →