Thursday, December 14, 2017
News

Ford's China sales stuck in first gear as rivals overtake

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

BEIJING | Friday, Oct 13 2017 IST
 
Ford Motor Co saw its China vehicle sales make the barest of increases in September, extending a tough run in the world's largest auto market even as global rivals have logged robust gains.The U.S. automaker has lacked a high-volume brand of affordable entry cars for China and has been criticised for slow decision-making that has cost it share in a market where consumer tastes change quickly.In response, it has brought in a new China head, Jason Luo, a Chinese-born American formerly at U.S.-based air bag maker Key Safety Systems, tasked with building closer ties with Ford's local partners and working more effectively with regulators.The U.S. carmaker sold 112,902 vehicles in China last month, an increase of some 430 from the same period a year earlier.By contrast, rivals Toyota Motor Corp, Honda Motor Co and Nissan Motor Co Ltd saw gains of 14 percent or more while General Motors posted an increase of 7 percent.Overall vehicles sales in China rose 5.7 percent in September - a fourth straight month of growth.Like many other global automakers, Ford is also looking to revamp its strategy towards electric vans and cars to keep up with Beijing's push for cleaner new-energy vehicles (NEV).The country has set strict quotas for NEVs which carmakers must meet by 2019, a move that is prompting a flurry of electric car deals and new launches of electric and hybrid models. Ford said it was looking to set up an electric car venture with Chinese firm Anhui Zotye Automobile Co in August. REUTERS SV 0928

-- (Reuters) -- C-1-1-DL0103-1091003.Xml

Watch News Videos

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
TRENDING TOPICS
 
 
 
CITY NEWS
MORE CITIES
 
MORE ASIA NEWS
Pakistan's NAB to approach Interpol for ...
6,700 Rohingya killed in Myanmar: Report...
Sri Lankan risks torture if deported fro...
Pakistani warship visits Philippines...
Myanmar charges reporters with Official ...
India ready to work with new Nepal gover...
More...
 
INDIA WORLD ASIA
Exit polls give BJP upper edge in Gujara...
PM commissions India's 1st indigenously-...
Gujarat polls: PM Modi's mother casts vo...
Gujarat polls: PM Modi urges people to e...
Voting for second-phase of Gujarat polls...
PM Modi to commission 'Kalvari' into Ind...
More...    
 
 Top Stories
Paid news has become menace, says V... 
Japanese tourist drugged, robbed in... 
Gujarat second phase clocks nearly ... 
AIADMK bribery case: Dinakaran made... 
Temperature to dip on Friday, air q... 
Explosion heard on Bengal coast, so... 
Meghalaya will be able to host 2022... 
India, Morocco ink MoUs on cooperat...