ASIA: Ford To Take Advantage Of Asian Region - Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars
LinkBack Thread Tools Display Modes
post #1 of 1 (permalink) Old 11-11-03, 05:15 PM Thread Starter
Mr. Embargo
Join Date: May 2001
Location: Embargoland
Posts: 3,745
ASIA: Ford To Take Advantage Of Asian Region

The Asia-Pacific region, already nearly as large as the automotive markets of North America and Europe, is poised to become the largest in the world by the end of the decade. The rate of growth that already has been experienced in the region has been higher than that of North America and Europe since 1985.

David L. Snyder, executive director for business development and associations management, Ford Asia-Pacific, outlined the growth potential for the region today at the eighth Asia-Pacific Automotive Industry Roundtable, hosted by The Economist, in Bangkok.

Between now and 2010, 60 percent of the world's automotive growth will come from Asia, Snyder said, and of that 60 percent, about half will come from China, followed by ASEAN (Association of Southeast Asian Nations) and India.

"Ford has established a strong footprint in Asia with manufacturing facilities in nine countries. We believe that we are well positioned for the growth in this region, underscored by our capability to expand into exports to global markets," said Snyder.

Last month, Ford Motor Company Chairman and CEO Bill Ford visited Thailand, along with the Philippines and China, and announced expansions and investment plans exceeding US$1.5 billion. About $500 million will be invested to expand AutoAlliance Thailand, a joint venture between Ford and Mazda, and to introduce new products. These investments will be made over the next few years.

Yet, despite this potential, Snyder called upon the industry to address the issue of non-tariff barriers to trade which he cautioned could hamper the anticipated rate of growth.

"Although the ASEAN Free Trade Area (AFTA) is solidifying," Snyder said, "tax policies risk dampening demand for cars and trucks and holding back the development of the ASEAN auto industry, which has the potential to become the world's fifth largest auto market. We need a common set of tax principles in the region, common vehicle standards, harmonized regulations, and globally recognized customs practices. The fair and timely implementation of AFTA can bring about more reasonable trade balances across the ASEAN region," he said.

"Our actions in Asia clearly demonstrate our confidence in the strong growth in Asia. Fords commitment to Asia is for the long-term," he added.

RPO83 is offline  
Sponsored Links

  Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > Latest Ford News and Racing News > Ford Worldwide News
Gear in this thread - Powered by O'Reilly Auto Parts

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode

Similar Threads
Thread Thread Starter Forum Replies Last Post
AUS: 1901 Ford Sweepstakes - Sydney motor Show RPO83 Ford Worldwide News 0 10-15-03 06:57 PM
FORD TOUGH: The pressure's on for Bill Ford Jr. to finish first Stacy94PGT Ford Worldwide News 0 06-10-03 05:52 AM
'Henry had the dream' Stacy94PGT Ford Worldwide News 0 03-28-03 06:58 AM
A CENTURY OF VISION: Fords built city, changed the world Stacy94PGT Ford Worldwide News 0 03-12-03 08:17 AM
Ford Product-Led Transformation: 2003 RPO83 Trans | Driveline 0 07-22-02 07:48 AM

Posting Rules  
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

For the best viewing experience please update your browser to Google Chrome