17 January 2020

No regrets in Ford’s conservative China play, SCMP says

Ford Motor chief executive Alan Mulally said he did not regret adopting a conservative approach to business in mainland China, which has seen the company fall behind in the world’s biggest passenger vehicle market, the South China Morning Post reported Monday. Ford’s conservative strategy helped the carmaker weather the global recession, Mulally was quoted as saying. Ford has beaten rivals General Motors and Chrysler to become the most profitable of the big three American carmakers, but its market share in China is just one-third of GM’s, according to the newspaper. Still, Ford’s China sales in the nine months to September jumped 51 percent to 647,849 units, compared with GM’s 11 percent growth to 2.31 million units in the same period, the report said. 

– Contact HKEJ [email protected]