Ford to produce Mondeo cars in China in 2003 - Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars
LinkBack Thread Tools Display Modes
post #1 of 1 (permalink) Old 01-21-03, 07:15 AM Thread Starter
Registered User
Stacy94PGT's Avatar
Join Date: Feb 2001
Location: The Hills of North Georgia,USA
Posts: 7,859
Ford to produce Mondeo cars in China in 2003

SHANGHAI, Jan 21 (Reuters) - U.S. auto giant Ford Motor Co <F.N> said on Tuesday it plans to produce its Mondeo luxury cars in China, the world's fastest growing auto market, in the second half of this year.

"Ford is going to introduce the second product, Mondeo. We will be producing the Mondeo in the second half," Kenneth Hsu, Beijing-based spokesman for Ford Motor (China), told Reuters. Hsu said Ford, the world's second largest automaker, was building a new production line at its $98 million joint venture plant with Chinese partner Chongqing Changan Automobile Co Ltd <200625.SZ><000625.SZ>.

He declined to give details.

Ford is considered a latecomer to the Chinese market compared to its U.S. rival General Motors <GM.N> and Germany's Volkswagen <VOWG.F>.

But on Saturday, it launched its Fiesta compact car in China and said plans to sell 20,000 of them this year and 50,000 in 2004.

Ford executives have also said they plan to introduce a new model each year in China, where the auto market is growing rapidly and becoming increasing competitive with an expanding number of joint ventures by the world's auto giants.

Car producers in China, including foreign joint ventures, sold 3.248 million vehicles last year, up 37.1 percent year on year, according to official figures. That figure included 1.126 million passenger cars, up 56 percent.

Besides Ford, General Motors Corp <GM.N> and Volkswagen <VOWG.F>, a slew of other Japanese automakers such as Mazda Motor Corp <7261.T> and Toyota <7203.T> are also busy in the rapidly growing Chinese market.

FAW Car Co <000800.SZ>, a unit of China's largest auto group, said on Tuesday it would start manufacturing Mazda Motor Corp's <7261.T> Mazda6 mid-sized sedans.

On Friday, Ford's New York shares closed at $10.16, down $0.27. The U.S markets were closed for Martin Luther King Day on Monday.

(Photo) From AutoExpress
Attached Images
File Type: jpeg 264112.jpeg (16.7 KB, 30 views)

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
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
Ford family celebrates 100 years of cars Stacy94PGT Ford Worldwide News 0 06-10-03 06:46 AM
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