Washington, D.C. – The Ford Motor Company will begin exporting additional automotive products and transmission parts to China through agreements signed in Washington, D.C. yesterday. The total value of the pact is estimated to be more than US$800 million. In one of the company’s largest export agreements, Ford will sell more than 30,000 North American-built vehicles in China, starting in 2009, and will supply transmission components and parts this year to Changan Ford Mazda Automobile Company Limited, its joint passenger car venture in China.
“This historic export agreement with China is another step in our commitment to accelerate the development of new products that customers want and value and leverage Ford’s global assets,” said Ford president and CEO Alan Mulally. “It solidifies the worldwide appeal of our products in delivering personal transportation to markets from Boston to Beijing. It is also good news for the Ford teams that assemble these products and components in both the United States and Canada.”
Ford has exported vehicles to China since 1913; its most recent exports are the Lincoln Navigator and the Ford Escape, sold as the Maverick in China. Both models were sold out in China in 2007.
Ford Motor China recorded sales of 90,791 passenger cars and commercial vehicles in the first quarter of 2008, a 47 per cent increase over the same period last year; it sells the Ford Focus, Mondeo, S-MAX and Transit. The company will announce details of the products to be exported at a later date.