October 12, 2007
Ford of China reports 30 per cent growth in nine months
Shanghai, China – Ford Motor Company’s wholly-owned brands in China (Ford, Lincoln, Volvo, Jaguar and Land Rover) reported total retail sales of 149,455 units in the first three quarters of 2007, a 30 per cent growth over the same period of 2006, outpacing the industry average.
“Our strategic deployment in China is now taking effect. CFMA Nanjing plant was just inaugurated in late September, which adds 160,000 units to our previous 250,000-unit capacity. This will better satisfy customer needs for our excellent products.” said Mei-Wei Cheng, Chairman and CEO of Ford Motor (China) Ltd. “The all-new Ford Mondeo is now on presale. I am sure it will bring a sensational round of experience to customers.
Ford Motor’s passenger car joint venture, Changan Ford Mazda Automobile Co., Ltd., recorded a significant 59 per cent year-on-year wholesale sales growth to reach 150,365 units.