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WASHINGTON, Oct 15 (Reuters) - A Chinese man who formerly worked at Ford Motor Co (F.N) has been arrested and charged with stealing trade secrets, including sensitive design documents, from the automaker, the U.S. Justice Department said on Thursday.
Authorities on Wednesday arrested Xiang Dong Yu, a product engineer at Ford from 1997 to early 2007, on charges he attempted to steal Ford trade secrets, stole some documents and used them to try to get work with Chinese automotive companies, the department said.
In late 2006, Yu succeeded in a his attempt to find a new job with Foxconn, PCE Industry Inc and copied over 4,000 documents to an external hard drive before traveling to China to his new company's manufacturing hub, according to the indictment.
Sep. 22, 2009
While the auto market in the US remains in the dumps, China's auto market is on fire. Today's example: Ford will build its third plant in China.
The new plant in China will have a capacity of 150,000 cars, adding to Ford's Chinese capabilities of 447,000. Ford is a laggard in China compared to GM who is a leader.
A Defense Department official was convicted Friday of providing classified information to a Chinese government agent and lying to the FBI about it.
A federal jury in Alexandria convicted James W. Fondren Jr. on three counts, prosecutors said. He was acquitted on four other espionage-related counts. Fondren was the second Pentagon official charged in an espionage ring that provided highly sensitive military information to China.
I wonder just how much of this is presently going on?