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On September 26, Jiangling Motor Co., Ltd. issued an announcement to jointly fund the establishment of Jiangling Ford Joint Venture with Ford Motor Company. The registered capital is 200 million yuan, of which Jiangling Motor contributes 102 million yuan and holds 51 per cent of the shares, while Ford contributes 98 million yuan and holds 49 per cent of the shares. From the proportion of equity distribution, Jiangling Motor has more initiative, while Ford should provide more relevant technology. According to the announcement, Jiangling Ford Joint Venture will mainly provide distribution services for Ford-branded vehicles produced by Jiangling Motor, which can also be sold through dealers or terminal customers.
On February 24th, Ford China announced that Chen Anning, President and CEO of Ford China, has decided to retire. Wu Shengbo, current Managing Director and Chief operating Officer of Ford China, will officially take over as President and CEO of Ford China from March 1 to Jim ∙ Ji, President and CEO of Ford Motor Company.
According to media reports, Xiang Dongping has joined Ford China as general manager of Jiangling Ford passenger car Marketing Company, with overall responsibility for brand, marketing, sales and service. Data show that since 1998, Xiang Dongping has successively entered SAIC-Volkswagen, Skoda, Volvo and the new car-building force Skyline Automobile, serving as SAIC-Volkswagen brand executive director, Volvo China sales company executive deputy general manager, Skyline automobile director, chief marketing officer and other positions. On March 22, 2020, Xiang Dongping served as Vice President of Hyundai Motor Group (China), deputy general manager of Beijing Hyundai, sales headquarters.
A few days ago, Ford Motor (China) Co., Ltd. (hereinafter referred to as "Ford China") has undergone an industrial and commercial change, changing its legal representative from ANNING CHEN (Chen Anning) to SHENGPO WU (Wu Shengbo). Meanwhile, SHENGPO WU (Wu Shengbo) became chairman of Ford China.
Ford Motor Company released sales figures for the Chinese market, which fell 26.1% year-on-year to 567854 vehicles in 2019. Of these, Ford sold 146473 vehicles in China in the fourth quarter of 2019, down 14.7 per cent from a year earlier. There is no doubt that Ford's performance in the Chinese market is once again at a low ebb, with sales falling for three consecutive years since 2017. According to data, Ford's total sales in China reached 1.27 million in 2016, the highest since entering China. Ford missed the opportunity for sustained growth and fell for three years due to problems such as slow product updates.
According to relevant media reports, Chen Anning, CEO of Ford Motor, revealed in an interview that the company has cancelled its plan to establish a unified national sales company in China. The plan has exacerbated distrust of the company by Ford's joint venture partners in China and led to a sharp drop in sales in the world's largest car market. In June last year, Ford announced that in order to improve channel efficiency, it had decided to unify the three sales networks of Ford China, Changan Ford and Jiangling Ford, so that consumers could buy all Ford products at any of Ford's 4S stores. This practice is also considered meaningful and can increase its losses.
On April 22, Ford China announced two senior personnel appointments. Mr. Liu Yuehai was appointed Vice President of Ford China Product Innovation. In addition, Mr. Liu Zongxin rejoined Ford China as Vice President of Marketing and sales for Ford Motor Greater China. Liu Rihai worked for Taiwan Ford Liuhe Motor Co., Ltd., joined GM in 2000, became GM's vice president of marketing in Asia-Pacific in 2008, became the executive director of planning, development and marketing of Shanghai GM in 2011, and joined Changan Ford in 2015 as vice president in charge of marketing, sales and service. Liu Rihai is the vice president of product innovation in China this time.
On the evening of August 22, 2019, Ford China announced an important personnel appointment: Ford Motor Company will appoint Stephen Armstrong, chairman of its European operations, to succeed he Junjie as president of its joint venture in China, in order to deepen cooperation between the two sides and launch more models, thereby curbing the continued decline in sales in the Chinese market. The appointment will take effect on October 1. He Junjie, the current president of Changan Ford, will retire at the end of 2019 after 34 years of service with the Ford Motor Company. Mr. he Junjie, the current president of Changan Ford, has served as marketing, sales, and so on in more than 30 years for Ford.
On December 19th, Jiangling Motor announced that the company received a total of 168.293 million yuan from Nanchang City, Nanchang Xiaolan Economic Development Zone and Shanxi Transformation Comprehensive Reform demonstration Zone. The above government support funds are related to income and will be included in the company's profits and losses in 2019. In Beijing, where Jiangling Motor received government support, Jiangling Motor's profits fell short of expectations due to the sluggish automobile market and other reasons. According to the third quarter financial report, Jiangling Motor realized operating income of 6.686 billion yuan in the third quarter of this year, an increase of 13.28% over the same period last year.
Ford announced that Jim Farley has been appointed chief operating officer of Ford Motor Company, responsible for Ford's global marketing and automotive operations, Ford's smart mobile travel and self-driving operations, and reports to Ford President and CEO Jim Hackett.
On August 11, the public information on simple cases of operator concentration released by the second Department of Anti-monopoly Law Enforcement of the State Administration of Market Supervision and Administration showed that Changan Ford Motor Co., Ltd. (hereinafter referred to as "Changan Ford") intends to sign an agreement with Chongqing Changan Automobile Co., Ltd. (hereinafter referred to as "Changan Automobile") to establish a new joint venture, a joint venture.
According to media reports, Jim Farley, the new chief operating officer of reactive Hot Motor, will serve as the company's new chief executive to help Ford Motor Company through the crisis. Ford announced on Feb. 7 that Jim Farley will be its chief operating officer, reporting to Ford President and CEO Jim Hackett. At the same time, Ford also announced that the current president of the automotive business, Joe Hinrichs, officially retired after 19 years of service with Ford. Jim Farley joined Ford in 2007, at first.
According to the China Automobile Association, the market share of American passenger cars was 9.6% in 2020, up 0.7% from 8.9% in 2019. The improvement of American market share is not only related to Tesla's strong market performance, but also related to Ford. According to data released by Ford, Ford Motor (including Ford, Lincoln and Jiangling) sold 602600 vehicles in China in 2020, an increase of 6.1% over the same period last year, the first time the company has achieved sales growth since 2017. Ford China consists of Changan Ford, Ford imported cars, Jiangling Motor, Lincoln Brand and other businesses.
According to foreign media reports, there is new news that the car owner has repeatedly sued for problems with the gearbox of Ford's Fox and Carnival models. It is reported that Ford may agree to settle and then pay compensation for the eight-year lawsuit. Ford has agreed to pay at least $30 million in damages and related matters, according to a document filed by Ford in California District Court. The specific compensation situation will be determined by the claims of different car owners. Secondly, the final decision on the proposed settlement will be made at the end of February. According to a Ford spokesman, Ford believes that the proposed settlement belongs to the agreement.
On December 25, the State Administration of Market Supervision and Administration released the top 10 typical cases of anti-monopoly law enforcement in the previous year, of which two car companies were named on the list, namely Changan Ford Motor Co., Ltd. And Toyota Motor (China) Investment Co., Ltd. Monopoly Agreement of Changan Ford Motor Co., Ltd. In June 2019, the General Administration of Market Supervision ordered Changan Ford Motor Co., Ltd. to stop its illegal activities and impose a fine of 162.8 million yuan. Changan Ford Motor Co., Ltd. violated the Anti-Monopoly Law by limiting the minimum resale price for dealers. According to the survey, from 2013 to 2017, Changanfu.
According to print media reports such as NDTV in New Delhi, Ford Motor India reached a severance compensation agreement with workers at its factory in Tamil Nadu, India, after it announced the closure of its Indian plant last year, with each employee receiving an average salary of 62 months. According to the report, Balasu, the transformation officer of Ford India,
A few days ago, Jiangling Ford revealed its future product plans. The closely watched Ranger will be officially put into production and listed before the end of the year, while Bronco, the direct competitor of Jeep Horse Shepherd, will also be launched in the first half of 2024. In the future, Jiangling Motor and Ford Motor will rely on Ford Motor's
On April 13, Changan Ford Mustang Mach-E officially launched four models with a price range of 26.50-379900 yuan. The new car is the first pure electric model of Ford's electric vehicle division and is produced by Changan Ford. Judging from the appearance of the new car, Ford Mustang Mach-E continues the design of overseas models and makes minor adjustments to the Chinese market. The closed front has a blackened middle grid, the middle "Mustang" LOGO can be lit, and the three-segment LED daytime driving is similar to the Mustang sports car. From the side, the body.
According to the latest data, Ford Motor, the second largest automaker in the United States, currently has a market capitalization of 100.66 billion US dollars, surpassing General Motors, Daimler and other car companies one after another, after Tesla, Toyota, Volkswagen and BYD. It is understood that on Thursday, Ford shares rose 5.7 per cent to $25.87 in intraday trading, with a market capitalization of more than $100 billion for the first time in its nearly 120-year history, but then gave up some of its gains to close up 2.25 per cent at $25.02. the market capitalization fell to $99.99 billion. On Friday, Ford shares rose 0.68% to close at $25.19.
With the continuous decline of China's auto market, the relatively weak Chinese brands are under great pressure and their market share continues to shrink. However, the performance of the more mature foreign brands in the Chinese market is not all plain sailing, and Ford is one of them. Ford has suffered a major blow in the Chinese market this year. On June 5, the State Administration of Market Supervision decided to punish Changan Ford Motor Co., Ltd. for implementing the vertical monopoly agreement and imposed a fine of 162.8 million yuan on Changan Ford. On the same day, the share price of Changan Automobile once tumbled more than 7%, closing down 4.42%, and the market capitalization fell nearly 1.5 billion yuan. June 10, Changan Ford.
Heavy! The National Development and Reform Commission plans to relax car purchase restrictions and increase license plate indicators in an all-round way
China's car sales continue to decline and the trend of car consumption is gradually declining. in such an environment, the National Development and Reform Commission is expected to guide further liberalization of the purchase restriction policy and comprehensively encourage automobile consumption. According to the online documents, the National Development and Reform Commission issued the implementation Plan for promoting the Renewal of consumption of Automobile, Home Appliances and Consumer Electronics to promote the Development of Circular economy (2019-2020), which plans to further expand the consumer market such as automobiles, promote the development of circular economy, and deepen supply-side structural reform. The document also describes in detail the specific implementation plan, and there are nine supporting regulations in the automotive field. The most important of these is the purchase restriction city.
2019-04-17 17:36:07Details
All of a sudden! A Tesla in Dongguan was suspected of getting out of control and crashed into multiple cars and destroyed the shop door.
A # Tesla suspected of getting out of control and crashing into multiple cars crashed into the store door # news quickly rushed to the hot search list of Weibo. According to electric shock news and other media reports, on March 4, a Tesla was suspected to be out of control in a traffic accident in Chigang, Humen, Dongguan, Guangdong. After crashing into a BMW, he crushed a Toyota under the car and ended up with a shop facing the street.
2023-03-04 16:56:32Details
The latest delivery list of new forces, Wei Xiaoli dropped by double digits compared with the previous month.
On August 1, the new power brands NIO, Xiaopeng, ideal, Nezha and Zero announced the latest monthly delivery results. According to the ranking of the "Tramway report", the delivery volume of mainstream new power brands was more than 10,000 in July, of which the best performance was Nashi, with 14036 cars, followed by zero-running cars.
2022-08-02 10:28:37Details
Another independent brand was born. Hanlong's first model is "domestic range Rover"?
The Zhongtai version of the "domestic range Rover" has been published for nearly two years since the real car was exposed, and there has been no news of mass production and listing. Now the car has finally been officially unveiled, but it will not be launched as the infamous Zhongtai Motors. It belongs to the new brand "Hanlong Automobile". Hubei Daye Hanlong Automobile Co., Ltd. was established in January 2016 and is headquartered in Daye City, Hubei Province, according to official data. It is a modern new energy automobile parts manufacturing enterprise integrating new energy vehicle design, development, manufacturing, sales and after-sales service. it is also a professional system of automobile engine products, spare parts supporting system products and automobile maintenance.
2019-08-29 11:29:05Details
Deadlock! Volkswagen may face mass strike
Many BMW 4S stores are running away! Fujian Consumer Council named
Chicken feathers all over the ground! A total of 570 million yuan has been executed by the giant 4S store giant group
It really looks like this! New BMW iX3 patent map exposed
Another family! Ford officials announce layoffs of 4000 people
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