www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Motoring

Ford, hit by domestic drop in vehicle sales, maps out a recovery

By Li Fusheng | China Daily | Updated: 2018-10-22 13:33
Share
Share - WeChat
Representatives attend the launch ceremony of Ford's new SUV, the Territory, last Tuesday. [Photo provided to China Daily]

Ford Motor Co is in the throes of a severe reversal in the strategically vital Chinese market, but a senior executive at the US carmaker said he expects a turnaround in early 2019 as new models hit the showrooms - starting in the fourth quarter this year.

Ford's China sales slumped 43 percent year-on-year to 64,383 in September, marking a row of sales falls in the world's biggest market. The continuous decline over the past months resulted in a 30 percent fall year-on-year to 585,171 units in the first three quarters.

Peter Fleet, president of Ford Asia Pacific and chairman and CEO of Ford China, said the plunge in sales was primarily the result of the carmaker's product cycles instead of the ongoing trade tensions between China and the United States.

"We have been quiet for a while in terms of introducing new products into the Chinese market," said Fleet last Tuesday when the carmaker debuted its new SUV, the Territory, developed with its Chinese partner Jiangling Motors Corporation for customers mostly in smaller cities.

"But when seven out of 10 customers who come into our showrooms are new-time buyers, buying an additional car or buying their first car, it is not surprising that in China new products are so fundamentally important," he said.

Fleet said he expects Ford sales to start their recovery during the first quarter of 2019, as models including the Territory as well as the new Focus and the new Escort, produced at its other partner Changan Ford, are launched later this year.

These models are part of Ford's plan announced late last year to launch 50 models, including 15 electrified ones, into the Chinese market by 2025, which Fleet said will underpin the carmaker's long-term recovery in the country.

Fleet said he expects the improved sales and marketing capabilities to help boost its sales as well. Ford is integrating its sales networks by setting up a department responsible for marketing, sales and servicing of all Ford-branded passenger vehicles sold in China.

Headed by newly recruited Chinese executives, the unit is expected to launch marketing campaigns in a way that better appeals to local customers, adding momentum to the promising changes already seen at the debut of the Territory last week.

Fleet said China-US trade tensions have not produced a severe impact on its business in the country, as most of its Ford models are locally manufactured at its two joint ventures and its premium Lincoln arm, which imports all its models, maintained a 4 percent increase year-on-year in its China sales from January to September.

"No, I don't see any impact on the sales of our vehicles as a result of the trade tensions, though I obviously see impacts on my profit margins on those imported vehicles because I have chosen not to pass on all those punitive tariffs onto my customers," he said.

Earlier this year, China raised tariffs on vehicles imported from the US to 40 percent, as opposed to 15 percent on those from other countries, as a retaliatory response to the punitive US tariffs on Chinese products and commodities.

"Fortunately, before the trade tensions escalated, we had already made decisions," Fleet said. In early 2017, Ford announced that it would start localizing production of Lincoln models in China, starting with a small SUV from the end of 2019.

Fleet said the Ford Explorer will be localized as well, although he did not give a schedule. "Those localization plans are under way already and will be progressively introduced," he added.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 在线免费观看亚洲视频 | 日本精品一区二区三区在线 | 日本私人色多多 | 国产亚洲人成网站在线观看不卡 | 日韩毛片欧美一级a网站 | 欧美一级久久久久久久大片 | 大狠狠大臿蕉香蕉大视频 | 国产精品欧美亚洲韩国日本不卡 | 国产精品一区二区手机在线观看 | 欧美日韩在线永久免费播放 | 欧美午夜视频一区二区三区 | 国产成人丝袜网站在线观看 | 我们2018在线完整免费观看 | 免费又黄又爽视频 | 久久久精品一区二区三区 | chineseoldman色老头videos | 国内精品久久久久久 | 国产成人禁片免费观看 | 麻豆19禁国产青草精品 | 国产一级一级一级国产片 | 一级做a爱片特黄在线观看 一级做a爱片特黄在线观看免费看 | 日本免费高清一区 | 欧美精品久久久亚洲 | 亚洲品质自拍网站 | 中文字幕日韩精品有码视频 | 亚洲综合久久久久久888 | 欧美日韩顶级毛片www免费看 | 高清不卡一区二区三区 | 久久黄色精品视频 | 成年午夜一级毛片视频 | 99在线观看 | 羞羞一区二区三区四区片 | 国产在线精品观看 | 亚洲国产免费 | 欧美另类亚洲一区二区 | 亚洲自拍成人 | 国产高清自拍一区 | 国产黄色三级三级三级 | 国内精品九一在线播放 | 国产午夜精品免费一二区 | 久久国内精品自在自线观看 |