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-0.00165107319757849 -0.00165107319757849 -0.00385250412768301 -0.00495321959273527 -0.00339020363236115 -0.00385250412768301 -0.00165107319757849 0.000550357732526032
Stock impact report

Ford names new president for China joint venture to deepen alliance amid falling sales [Reuters]

Ford Motor Company (F) 
Last ford motor company earnings: 4/28 04:09 pm Check Earnings Report
US:NYSE Investor Relations: shareholder.ford.com
Company Research Source: Reuters
Ford names new president for China joint venture to deepen alliance amid falling sales - Reuters 3 Min Read (Reuters) - Ford Motor Co ( F.N ) on Thursday named Steven Armstrong president of the Changan Ford joint venture in China to deepen the alliance and push for more models, as the U.S. carmaker tries to stem a decline in sales in the world’s second largest economy. Sales of the joint venture with Chongqing-based Changan Automobile ( 000625.SZ ) continued to decline in July. In the first seven months of this year, the venture’s sales dropped more than 60% compared to the same period a year earlier. Ford’s overall sales dropped 37% in 2018 in the world’s top auto market, mainly due to a lack of new products. Over the next three years, it plans to launch more than 30 new models in China, of which over a third will be electric vehicles. The venture is also planning to revamp some of its existing manufacturing facilities to localise production of Ford’s premium brand Lincoln. This Show less Read more
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