President, Auto Information, Automobilnews
GUANGZHOU: Auto gross sales at Ford Motor Co’s China enterprise with Chongqing-based carmaker Changan are more likely to flip optimistic subsequent 12 months, Changan’s president stated on Friday.That factors to a possible reversal in Ford’s declining fortunes on the planet’s largest auto market, because the U.S. auto maker has grappled with shrinking gross sales and issues comparable to an ageing mannequin lineup.
The slide in Ford’s gross sales has been unprecedented for a serious world automaker in China. After a peak of 1.08 million autos in 2016, gross sales started faltering in late 2017, then almost halved final 12 months to 504,488, based on consultancy IHS Markit.
“There are good indicators that Changan Ford’s gross sales will get higher,” Changan president Zhu Huarong instructed Reuters on the sidelines of Guangzhou Autoshow.
“Changan, Ford and JMC are collectively discussing about future product planning,” he stated, referring to Jiangling Motors Corp (JMC), wherein Ford additionally has a stake.
When requested when gross sales would possibly begin rising once more, he stated “subsequent 12 months”, with out offering extra particulars.Changan Ford offered 147,276 autos within the first ten months this 12 months, greater than halving from 335,535 over the identical interval final 12 months, based on its submitting. (Reporting by Yilei Solar in Guangzhou and Brenda Goh in Beijing Enhancing by Shri Navaratnam)