Ford confident on the Chinese market image

With a strong start this year on the world’s biggest auto market, Ford said it was confident over a solid growth path for the future.

Ford is on a good sales momentum in China, as its first quarter figures increased 14 percent compared to the same period last year, with 314,454 vehicles delivered for the period, outpacing a 6 percent growth for the overall market. At the Beijing auto show, Chief Executive Mark Fields said the Blue Oval brand would continue its offensive in China and he was confident that the solid upward trend would be kept in the future as well. “We have a lot of confidence in the medium- and long-term over the continued growth in the China market,” Fields said. Ford expects for the overall Chinese market this year to be slightly above the 2015 levels, projecting sales to be somewhere between 23.5 million to 25.5 million vehicles.

Fields was also asked by reporters about Fiat-Chrysler head Sergio Marchionne’s recent remark that Ford is among the few carmakers left which could be interested by a merger with FCA. “I can’t speak to what Sergio or others wake up and want to say,” he said. “I can just say we have no interest other than executing our plan, delivering product excellence and driving innovation in every part of our business. That is our sole focus.” After he was rejected in his attempt to engage in talks around a merger with General Motors, Marchionne said last week that he was still open for suggestions, but naming Toyota, Volkswagen and Ford as the only remaining potential candidates.

Via Reuters