Asia: Ford's Chinese venture plans to double sales outlets - Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars
LinkBack Thread Tools Display Modes
post #1 of 1 (permalink) Old 06-16-03, 08:19 AM Thread Starter
Registered User
Stacy94PGT's Avatar
Join Date: Feb 2001
Location: The Hills of North Georgia,USA
Posts: 7,859
Asia: Ford's Chinese venture plans to double sales outlets

Monday, June 16, 2003

Global Automotive Report
By Detroit News staff reports, Bloomberg News and wire services

BEIJING -- Ford Motor Co.'s joint venture in China, which started producing cars in January, will double the number of sales outlets this year to try to take market share from rivals, said Mei Wei Cheng, the unit's chief executive.

Changan Ford Automobile Co. will boost the number of dealerships to about 52 by the end of the year from 26 now, Cheng said in an interview. They will sell passenger cars, including the Fiesta, which the company began selling this year, and the Mondeo, due to go on the market next year, as well as pick-up models.

"We're looking to expand as aggressively as possible to reach local consumers," Cheng said in an interview in Beijing.

Ford expects to sell 20,000 cars in China this year through the venture, less than a fifth of Detroit-based General Motors Corp.'s vehicle sales there last year. Wolfsburg, Germany-based Volkswagen AG sold more than 500,000 cars in China last year, making it the automaker's second-largest market after its home country.

Ford expects sales to rise to 50,000 cars in 2004, Executive Vice President David Thursfield said Saturday at a lunch at Ford headquarters in Dearborn. The unit is expected to be profitable during the fourth quarter, he said.

My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.

My next Ford.....
Stacy94PGT 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

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
Ford Motor Company Reports May U.S. Sales Stacy94PGT Ford Worldwide News 2 06-03-03 08:24 PM
Ford December U.s. Sales Climb 8.2% RPO83 Ford Worldwide News 1 01-03-03 05:57 PM
Ford Motor Company Reports September U.S. Sales Stacy94PGT Ford Worldwide News 1 10-02-02 06:44 AM
Ford Motor Company Sets August Record as U.S. Sales Climb 12.1% Stacy94PGT Ford Worldwide News 0 09-04-02 04:56 PM

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