Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
News18 » Auto
1-min read

Ford to Launch More Than 30 New Models in China Over Next Three Years

Ford had said previously it would launch 50 new or significantly redesigned vehicles in China starting in 2018 and through 2025.

Reuters

Updated:April 4, 2019, 8:34 AM IST
facebookTwitterskypewhatsapp
Ford to Launch More Than 30 New Models in China Over Next Three Years
Ford logo. (Image: Reuters)

Ford Motor plans to launch more than 30 new models in China over the next three years of which over a third will be electric vehicles, the U.S. automaker said earlier, as it seeks to reverse slumping sales in the world's top auto market. Ford had said previously it would launch 50 new or significantly redesigned vehicles in China starting in 2018 and through 2025, and the earlier announcement provides more clarity on the timeline.

Its China operations chief Anning Chen said the automaker is committing itself to improving its relationships with Chinese joint-venture partners and localising its management teams by hiring and promoting more Chinese nationals and global talent with Chinese expertise, among other initiatives. The new plans are intended to "enable us to gain the momentum to break through" in the marketplace, Chen told a small group of reporters.

Ford has been struggling to revive sales in China, the second biggest market globally for the Dearborn, Michigan automaker, after its business began slumping in late 2017. Sales slumped 37 percent in 2018, after a 6 percent decline in 2017.

Ford has said its sales crisis stemmed mainly from a lack of new products. Industry experts also ascribe the company’s China trouble to the Sino-U.S. trade war and its rocky relationship with domestic partners Changan Automobile Group and Jiangling Motors Group.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

| Edited by: Abhinav Jakhar
Read full article
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results