Date
21 August 2018

Ford seeks 5% share in China vehicle sales this year, WSJ says

Ford Motor Co. aims to grab 5 percent of new vehicle sales in China by the end of this year, doubling its market share in the world’s largest auto market, the Wall Street Journal reported Wednesday, citing a top company executive. The carmaker plans to add 10 assembly and power-train plants in Asia between 2011 and 2015, and is considering additional plants to meet growing demand in the region, David Schoch, group vice president of Asia-Pacific, was quoted as saying. At the end of 2012, Volkswagen held the largest share of Chinese sales at 18.2 percent while General Motors Co. was second at 14.6 percent, the report said.

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