Advertisement

UPDATE 1-Ford's China sales stuck in first gear as rivals overtake

From Reuters - October 12, 2017

BEIJING (Reuters) - Ford Motor Co saw its China vehicle sales make the barest of increases in September, extending a tough run in the worlds largest auto market even as global rivals have logged robust gains.

The U.S. automaker has lacked a high-volume brand of affordable entry cars for China and has been criticized for slow decision-making that has cost it share in a market where consumer tastes change quickly.

In response, it has brought in a new China head, Jason Luo, a Chinese-born American formerly at U.S.-based air bag maker Key Safety Systems, tasked with building closer ties with Fords local partners and working more effectively with regulators.

The U.S. carmaker sold 112,902 vehicles in China last month, an increase of some 430 from the same period a year earlier.

Advertisement

Continue reading at Reuters »