Detroit Bureau on Twitter

Posts Tagged ‘ford china’

Celebration Low-Key as Beijing Auto Show Opens

Chinese sales plunge, prices and profits under pressure.

by on Apr.25, 2016

Chinese biggest auto show of the year opened to international media on Monday.

Dozens of cars, trucks, concepts and crossovers are making their debut at the Beijing Auto Show today, everything from locally made battery-electric vehicles to Ford’s big F-150 Raptor pickup.

But the tone at the event is decidedly lower key than in the past, and for obvious reasons. This year marks the first time since the Chinese automotive market shifted into high gear at the beginning of the Millennium that sales are expected to grow at a single-digit pace.

Perspective!

And, after years of struggling to keep up with booming demand, even as they spent tens of billions of dollars opening up new plants, automakers now face the very real possibility that China could soon face a very different situation, something more common in Europe and North America: over-capacity.

(more…)

Ford, GM Report Better-Than-Expected March Sales in China

Ford sales increase while GM posts small drop as SUV sales reign supreme.

by on Apr.08, 2016

Sport-utes continue to be the savior of sales in China for General Motors and Ford.

General Motors and Ford Motor Co. succeeded in holding their ground or growing sales in China in the face of some major headwinds with help of strong showings by their luxury brands, Cadillac and Lincoln.

Ford reported 2016 as first quarter sales in China increased 14% compared to the same period last year, with 314,454 vehicles sold. Sales of Ford-branded vehicles reached 114,788 in March, up 5% compared with March 2015.

The Last Word!

Lincoln has also had a strong start to the year with 5,484 vehicles sold in the first quarter, a three-fold increase compared with the same time in 2015. Lincoln’s strong performance in the first quarter was supported by the growing number of dealerships, which reached 37 by the end of March, and Chinese customers’ positive reception of Lincoln SUVs, Ford officials noted. (more…)

Ford Sales in China Slide 8.7 Percent in February

Maker's Escort defies trend with 15% increase.

by on Mar.09, 2016

The newly revived Escort continues to enjoy strong sales in China with a 15% increase in February.

The fall off in auto sales in China hit Ford hard last month as the company reported its sales fell 8.7% in February compared with year-ago results.

The drop is in stark contrast to the maker’s January results when sales rose 36%. Through the first two months, sales for Ford and its Chinese partners are up 18%, but the year expected to be a tough one for automakers.

China Sales News!

However, those putting out sport-utility vehicles will enjoy an advantage as those vehicles are the hot sellers in that market right now. (more…)

GM, Ford Set China Sales Records in January

Buick leads GM to new monthly benchmark.

by on Feb.08, 2016

The Buick Envision helped General Motors set a new January sales record in China.

Both General Motors and Ford set January sales records in China despite the continuing concerns about the Chinese economy.

In January, retail sales by General Motors and its joint ventures in China were up 7.3% year over year to a record 421,023 vehicles, as Buick posted its best-ever monthly sales, GM officials said. Demand was given a boost by the upcoming Chinese New Year holiday in early February.

China News!

Buick sales in January grew 39% from a year earlier to 138,907 units. Monthly sales of the brand exceeded 130,000 units for the first time, led by the Excelle GT and Envision SUV. Sales of the Envision more than doubled last month year over year. (more…)

Some Automakers Thriving in Slower China Economy

GM, Ford, Mercedes all expect sales to outpace industry in 2016.

by on Jan.18, 2016

The Buick Envision enjoyed explosive success in the Chinese market in 2015, giving GM reason to be optimistic about China in 2016.

A huge drop in the value of Chinese stocks has unsettled the global economy and led to predictions of slower growth around the world and intense pressure on the energy sector where an oil glut has developed in face of falling demand.

Nonetheless, automakers remain surprisingly upbeat about sales in China, which has become by far the world’s largest market for new vehicles despite the prospects for only modest growth of the Chinese economy overall.

We're Your Insider!

No one expects the kind of explosive, double-digit growth that characterized the decade prior to 2015 when it finally slowed dramatically. But automakers such as Ford Motor, General Motors and Daimler AG remain cautiously optimistic about their Chinese business. (more…)

GM, Ford, Buick Trend and Deliver Record Chinese Sales

by on Jan.08, 2016

The Ford Focus in China.

Despite the increasingly serious downturn in the Chinese economy, both Ford Motor Co. and General Motors Corp. managed to lock down record sales in China for 2015.

That bucks the trend that has hammered a number of their key competitors, including Japanese giant Toyota and embattled German maker Volkswagen. Both makers are upbeat, albeit playing things cautiously as they look ahead to 2016.

Subscribe Now!

So far, both GM and Ford have refrained from making any predictions about China’s market. However, executives from both companies are likely to be pressed for forecasts during the North American International Auto Show in Detroit next week.

(more…)

Ford Posts Big November Sales Gain in China

Maker defies industry's downward trend.

by on Dec.08, 2015

Ford's sales in China enjoyed a 9% increase despite waning sales in the country.

Despite the slower growth in the Chinese economy, Ford Motor Co. has succeeded in expanding its foothold in what is now the world’s largest market for new vehicles.

Ford is nearing the 1 million mark for sales in China for the first time, the automaker reported, after selling 106,283 vehicles in November to bring the year-to-date total to 990,356. November performance was up 9% compared to 2014. General Motors also reported increased sales in China during November

For the Record!

“We are pleased that more and more customers are relying on Ford to provide them with vehicles they both want and value,” said John Lawler, chairman and CEO of Ford Motor China. “We remain committed to offering a full range of high-quality, safe, smart and fuel-efficient vehicles in China.” (more…)

Ford Set to Invest $1.8 bil in China R&D

Playing catch-up; will VW problems provide an opportunity?

by on Oct.12, 2015

Ford CEO Fields has steadily expanded the maker's presence in China, including production and R&D.

Ford Motor Co. will invest nearly $2 billion over the next five years on its Chinese R&D operations in a bid to catch up to market leaders Volkswagen AG and General Motors.

A latecomer to what is now the world’s largest automotive market, Ford has rapidly gained ground in recent years as it has expanded both its Chine product portfolio and manufacturing network. Much of its growth has come at the expense of Japanese rivals like Toyota, but the current crisis that has tripped up VW could prove another opportunity for Michigan-based Ford.

Watching the World!

The new R&D effort will include the battery-based vehicles that Chinese regulators are demanding in an effort to deal with that country’s endemic smog problems. At a conference in Shanghai on Monday, Ford CEO Mark Fields said the maker will introduce both a hybrid version of the midsize Mondeo, and a plug-in, the C-Max Energi, in China next year.

(more…)

Ford Motor Co. Sets Records, Beats Earnings Forecasts

Few clouds on the immediate horizon.

by on Jul.28, 2015

Ford hopes to drive revenues even higher with the new Limited version of its F-150 pickup.

Just about any way you look at it, the second quarter was a good one for Ford Motor Co., the second-largest domestic automaker not only handily beating Wall Street analysts’ forecasts but delivering record numbers in North America and Asia/Pacific.

Even Europe came close to breaking even after years of heavy losses, noted Ford President and CEO Mark Fields. All told, the maker delivered net income of $1.9 billion per share, a 44% or $544 million year-over-year rise. On a per-share basis, Ford made 47 cents. That was up seven cents per share compared to the second-quarter of 2014 – and 10 cents more than the Wall Street consensus forecast.

By the Numbers!

“We delivered an outstanding second quarter, a great first half of 2015, and we are confident the second half of the year will be even stronger,” declared Fields in a prepared statement accompanying the earnings report. “The entire Ford team is focused on accelerating our One Ford plan, delivering product excellence and driving innovation in every part of our business.”

(more…)

Ford May Cut Production as Chinese Car Market Falters

Domestic Chinese makers gaining ground on foreign rivals.

by on May.26, 2015

Ford recently unveiled its Focus ST in China.

With the economy faltering, the Chinese car market is growing at its slowest rate in 15 years – and Ford Motor Co. says it may respond by trimming production in the once-booming China.

That would be a sudden shift in direction for Ford which, only two months ago, announced the opening of a major new plant in Hangzhou, part of its plan to double production capacity in the populous Asian market to 1.2 million vehicles annually.

Subscribe for Free!

“If there is softness in the market, I won’t let stocks build and we’ll cut production,” said David Schoch, president of Ford Asia Pacific. So far, he added, “We have had some production cuts, but it’s nothing material.”

(more…)