Funky Cars > Ford plays catch-up in China (Corporate Dealmaker)

[The Deal.com] It initially will make Focus small sedans for Chinese consumers. The plant will be managed by Ford and two of its existing China joint venture partners: Chonqing Changan Automobile and Mazda Motor Corp., a long-time Ford collaborator.

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[egmCarTech] Ford to build fourth plant in China to produce next-generation ...: “This new passenger car facility represents a significant next step in the ongoing expansion plan of Ford’s Asia Pacific and Africa region and underscores the central role of our China operations,” said John Parker, Ford Motor Company executive vice president and president, Asia Pacific and Africa. “With the continued support of the Chinese government and hard work and dedication of our partners in China, we will continue to drive our operations forward in what is arguably the world’s most dynamic auto market.”

[Green Car Congress] Green Car Congress: Ford CEO Unveils New Figo for India Market and ...: In addition to the car manufacturing plant already operational in Chongqing””where the Focus, Mondeo and S-MAX are built””the Ford-Changan the joint venture has a manufacturing facility in Nanjing, China, where the new, global Ford Fiesta is built. Supporting these assembly facilities is the Changan Ford Mazda Engine Company (CFME) joint venture in Nanjing&mash;one of the largest engine manufacturing facilities in China with an annual production capacity of 350,000 units.

[Washington Examiner Site Feed] Ford to build third assembly plant in China, expanding in fast ...: "Today's announcement reinforces our commitment to the further expansion of our China operations to meet the continued rise in demand from Chinese consumers for world-class Ford products and services," Ford chief executive Alan Mulally said in a statement.

[CarBuyersNoteBook] Ford Puts Up New Plant in China - CarBuyersNoteBook: Ford Motors has entered a joint venture with Changan Ford Mazda Automobile (CFMA) which resulted in a new plant that will be put up in Chongqing China. The plant is scheduled to be completed by 2012 and is Ford's ticket towards .

[Eco Friendly Mag] Ford CEO Unveils New Figo for India Market and Export Sales, New ...: In addition to the car manufacturing plant already operational in Chongqing””where the Focus, Mondeo and S-MAX are built””the Ford-Changan the joint venture has a manufacturing facility in Nanjing, China, where the new, global Ford Fiesta is built. Supporting these assembly facilities is the Changan Ford Mazda Engine Company (CFME) joint venture in Nanjing&sh;one of the largest engine manufacturing facilities in China with an annual production capacity of 350,000 units.

[San Francisco Examiner Site Feed] Facing misery in home markets, Ford plans new factory in China ...: Sales in China are expected to continue climbing to 12.6 million units in 2009, up 35 percent from last year, said Xu Changming, a senior economist with the Cabinet's State Information Center in Beijing. Those figures are expected to get a boost from subsidies that the Chinese auto industry is lobbying Beijing to extend.

[The Deal.com] Geely wants Volvo brand/tech, not liabilities (Corporate Dealmaker): The Journal says, like Tata's acquisition of Jaguar and Land Rover, that Geely wants strong brand name, technology and dealer network, but also wants to leave Ford with pension obligations, unwanted inventory and other substantial restructuring liabilities. The report also said Geely was trying to get Ford to retain a 25% stake in Volvo, but Ford is cold to the idea.

[Stock Hideout] Ford To Build New Chinese Plant - Stock Hideout: Ford's sales in the Asia-Pacific and Africa region totaled some 1.2 billion dollars in the April-June period, accounting for only 4% of the U.S. automaker's total sales. The company's heavy dependence on industrialized countries is weighing down its performance, so it is hurrying to cultivate emerging markets that can be a cornerstone of future growth.

[Auto Monster Cars Blog] Ford to build another new car assembly plant in China at Auto ...: The new plant, to be built with an investment of $490 million (3.34 billion yuan), will be run jointly with a Chinese partner, Chonqing Changan Automobile Co., and Japan’s Mazda Motor Corp., as are its two existing plants. It will produce Ford’s next-generation Focus compact car and be capable initially of producing 150,000 vehicles a year when it opens in the city of Chongqing in southwestern China in 2012, the company said.

[The Car Connection] Ford Profitable By 2011; Launches New Facility In China - The Car ...: The company recently instituted a $10 billion debt-reduction plan, which generated a $2.3 billion profit in the second quarter of 2009 (though that's an aberration for now).Mulally's projections and Ford's future profitability -- indeed, a substantial portion of Ford's future, period -- will hinge on how well the company performs in emerging markets like China and India. It should be encouraging to Ford fans, then, that Mulally made his statements at the groundbreaking for a new plant in the Chinese city of Chongqing.

[Finditt Blog] Ford (NYSE: F) To Spend $490M on New Plant in China Blogs weblogs ...: Ford currently produces 450,000 vehicles in China annually. The new Chongqing facility will initially be able to manufacture 150,000 cars per year, with the capacity to produce 600,000 by 2012 when the plant is at full capacity, the company said.

[China Media Blog] China Media Blog » Changan Ford Recalling Fiestas For Tire Defects ...: Changan Ford Mazda Automobile Company, a joint venture between Changan Automobile and Ford Motor, is recalling 7,563 Ford Fiesta cars due to flaws in some tires.The recall involves the 1.3L and 1.5L fashion versions of new Fiesta sedans, which were produced between October 22, 2008, and May 14, 2009.Changan Ford Mazda said it would offer [...]

[CarReview] Ford/Chinese Venture Pays Off!: Both Ford Mondeo and Ford S-MAX continued to beat company forecasts and delivered strong monthly results, increasing 89 and 88 percent, respectively, over the same period last year. Through the first eight months of this year, Changan Ford has delivered total sales of 144,601 units, a 30 percent increase over the same period last year.

car-cheap-insurance-blog.info: Ford Motors has entered a corner try with Changan Ford Mazda Automobile (CFMA) which resulted in a brand brand new plant which will be put up in Chongqing China. The plant is scheduled to be finished by 2012 as well as is Ford’s sheet towards expanding in a Asian Pacific as well as African regions.

[Cars Blog] From Europe to China, Ford Fiesta keeps on rolling | Cars Blog: The Changan Ford Mazda Automobile Company has already begun producing Ford Fiesta cars intended for the Chinese market in China itself. Their facility is located in Nanjing, China which began manufacturing Ford cars like the hatchback and sedan versions for the Fiesta.

[Automotive Blog] Here’s Why Ford’s Training Chinese Car Buyers Not To Kill Themselves: SHANGHAI, China, June 12, 2009 ”” Ford Motor Company today launched its global Driving Skills for Life (DSFL) driver education program in China, together with its joint venture, Changan Ford Mazda Automobile Co., Ltd. and Jiangling .

[Vehicles Blog] Ford says China vehicle sales up 14% in first half: Ford Motor Co. said its vehicle sales in China rose 14 percent to 197,212 units in the first half from a year earlier.

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