July 6, 2007
Ford Motor China posts 25 percent growth
Shanghai, China – Ford’s Chinese division has announced it has sold 93,206 vehicles in the first half of 2007, a 25 per cent increase over the same period in 2006. The company sells vehicles in China under its Ford, Lincoln, Volvo, Jaguar and Land Rover nameplates.
“The first half of 2007 witnessed a significant phase of Ford Motor in China,” says Mei-Wei Cheng, Chairman and CEO of Ford Motor (China) Ltd. “The establishment of Ford Motor Research & Engineering Nanjing Co. Ltd. and the launch of Changan Ford Mazda Engine Company underscore the commitments that Ford Motor has made to the China auto market.”
Changan Ford Mazda Automobile, the company’s joint venture in China, posted a six-month wholesale volume of 93,587 units, including the various brands it manufactures. This marks a 57 per cent increase over the same period in 2006; during the second quarter, the company’s wholesale volume of 54,480 units marked a 70 per cent rise over the second quarter of 2006.