Ford has announced that it will invest $20.3 million in its Chinese operations. Ford’s two other Chinese partners — Chang’an Automotive Group and Mazda — will also be adding to the investment, $29 million and $8.7 million respectively, bringing the total investment to $58 million.
The joint-venture — dubbed Chang’an Ford Mazda — is 50% owned by Chang’an, 35% by Ford and 15% by Mazda.
While Ford trails its cross-town rival General Motors in China by a fairly wide margin, Chang’an Ford Mazda did see a sales increase of 60% last year — placing the joint-venture among the top 10 best-selling automakers in China.
According to Edmunds, Chang’an Ford Mazda opened a new production facility last September with an annual production capacity of 160,000 units — bringing Ford’s total Chinese capacity to 410,000 units.
02/21, 11:50 AM
posted by:
richt62167
Yeah invest overseas not here at home thats a bold move or a way forward move jackass!!
02/21, 1:27 PM
posted by:
SS4LIFE
Yeah i’m actually finding myself agreeing with LP640…. He’s right. Let’s face it China is going to be the next, and very soon biggest market for the auto makers. The money is pouring in China, China is becoming increasingly wealthy, although their middle and lower class is only showing marginal gains thanks to their government. GM realized this a long time ago and that’s why their Buick brand is doing so well. They and VW are selling millions on top of millions of cars over there and making money as a result of it. I guess I should have maybe considered learning Chinese instead of having Spanish as my minor…
02/21, 1:50 PM
posted by:
vLane
PLEASE give us that Mazda 2 sedan in the picture. Yes it’s already coming in Ford Festiva form, but how about the real thing?
02/21, 2:29 PM
posted by:
MY Si
Once again they need to worry about their American problem before investing money anywhere.
02/21, 2:41 PM
posted by:
SwerveEarly
who cares thats a tiny investment
02/21, 3:01 PM
posted by:
johnnycanuck
The potential in the Chinese car market is frightening, and anyone who doesn’t think that in probably less than a decade a significant percentage of what we see in North American showrooms will have made in China stamped on them is living on planet denial.
02/21, 3:16 PM
posted by:
gizmo2
When big companys invest in overseas market all the money is not necessarily coming from their home country. So all that money that Ford is investing is not necessarily coming from the U.S. There are Chineese investors and investors from all over who will contribute to this investment. It’s the same as when Toyota, Honda, VW etc. invest in the U.S. market.
02/22, 4:59 AM
posted by:
martintuo
yes yes yes,i think ford in china got a big succse and increasing investment will be a good idea.In my opinion chinese love other cars more than japenese,you know the reason? If they can find enough good car that fit for them i think most chinese can not buy the not very good japenese cars. so increasing investment more,the forcus will win the fighting to the Honda or Toyota. And the mazda is in our side
02/23, 1:07 PM
posted by:
jackjimturkey
It only makes sense.
Look at the numbers!