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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.
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.
Ford China official Xuan and Yang Song officially joined Ford's China leadership team and became president of the national sales and service organization with the approval of Changan Ford's board of directors. Yang Song will be responsible for leading the national sales and service organization team of Ford brand, and will be fully responsible for the marketing, sales and service of Ford brand passenger car products, focusing on sales growth, unifying brand image, optimizing consumer experience, and improving product marketability and dealer profitability. Ford China said that the addition of Yang Song will further accelerate the localization of Ford China's management team in marketing, sales and service, so as to better realize "more Ford, more medium."
Ford Motor Company reported a net profit of just $100m (690 million yuan) in the second quarter of 2019, down from $1.1 billion (7.56 billion yuan) in the same period last year. Ford's global revenue for the quarter was $38.9 billion (267.48 billion yuan), unchanged from the same period last year, with total revenue of $79.2 billion (544.59 billion yuan) in the first half of 2019, down 2 percent from a year earlier. It is understood that Ford's car sales are falling except in Europe, Ford restructuring.
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.
Ford's joint venture in Chongqing, China, has quietly begun to lay off thousands of jobs, according to an article about the Chinese auto market published by the New York Times. As early as last October, Ford announced that it would make large-scale layoffs worldwide in the near future. at present, Ford employs about 200000 people worldwide, and 35% of its employees will be laid off according to Ford's plan, including Chinese employees. After several years of substantial growth in China's auto market, the number of foreign car companies has peaked in China, and many automakers are struggling to survive in China as the Chinese auto industry enters a cold winter in 2018.
As one of the oldest car companies in the world, Ford has a history of a hundred years, and its Model T car launched in the last century was once popular all over the world. Ford's pace on electric cars seems to be a little slow. Now that the EV, Ford's first all-electric SUV leader, is finally belated, it will officially hit the Chinese market on Aug. 16, so let's take a look at this new car. In terms of appearance, as an oil-to-electric model, the exterior design of the EV is highly consistent with the fuel version, and is obvious only on the exclusive low wind resistance wheel ring.
Tesla has a market capitalization of more than $150 billion, while Ford, also an American auto company, has been "sad" over the past year. On the morning of Feb. 5, Ford announced its 2019 results, which showed full-year operating income of $155.9 billion in 2019, down 3% from a year earlier, and Ford's net profit of $47 million in 2019, down 98.7% from $3.7 billion in 2018. According to the results released by Ford Motor, the annual operating income in 2019 was 155.9 billion US dollars, which is not much lower than that in 2018.
Today, Ford officially announced its third-quarter results. According to the data, Ford's revenue in the third quarter was $37 billion, down 2 per cent from a year earlier; net profit attributable to the company was $425 million, down 57 per cent from a year earlier; and third-quarter earnings before interest and tax rose 8 per cent to $1.8 billion. Judging from the announced results, Ford's losses in the Chinese market are shrinking. Ford believes that the improvement in its business in China is mainly due to some new products in its eyes, which improve the sales and marketing ability of dealers by reducing product costs and optimizing product structure, thus increasing the number of cars.
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.
On July 31st, Ford announced that its subsidiary would acquire Journey, a transportation system software provider, to accelerate the development of self-driving technology and promote self-driving car services. The acquired Journey will merge with TransLoc, a software provider that provides supply and demand and fixed routing systems for public and private transport operations, which was acquired by Ford in 2018. The acquisition of Journey comes a day after Ford announced the acquisition of Quantum Signal, a US military service provider, to build features that point to security and.
Recently, Ford announced its results for the first quarter of 2023, which showed that Ford's revenue in the first quarter was 41.5 billion US dollars, up 20% from the same period last year. First-quarter net profit was $1.8 billion, a turnround from a year earlier, when the net loss was $3.1 billion. It is worth noting that
On Oct. 13, Ford announced that it would lay off another 550workers, bringing the total number of employees affected by the strike layoffs to about 2480. Ford said the strike strategy of the United Auto Workers (UAW) had a knock-on effect on factories because its production systems were interrelated. Two
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.
Ford is in talks with BYD about the sale of a manufacturing plant in Germany, according to people familiar with the matter, according to the Financial Associated Press on January 24. According to related reports, Ford executives in Germany plan to travel to China next week to discuss the possibility of selling the Sal Louis plant in Germany, but including the price.
According to "Interface News" and other media reports, Ford China is undergoing organizational restructuring. The Ford Electric Horse team, which was originally separated from Ford Electric Mach Technology, will be integrated and returned to Ford China, and the independent electric car company will be cancelled later. So far, Ford officials have not responded to the news. Insiders
At the 2018 Detroit auto show, Ford announced that it would produce an all-electric crossover SUV based on the Mustang model, which is expected to be available in 2020. Recently, Ford's official account posted a blue buggy logo on social media, which may be the logo of Ford's new electric SUV. From the concept car trailer released last year, we can see that Ford's new electric SUV still uses the design elements of Mustang as a whole, using the fully closed front face design, using the front lines to outline the shape of the "big mouth". The lines of the whole front face are rich and retain the original quality of the muscle car.
The former employees of Changan Ford returned. According to media sources, Chen Xiaobo will recently serve as vice president, sales director and director of operations of Changan Ford's national sales and service organization, reporting directly to Yang Song, president of the national sales and service organization, and Wang Jinhai, executive vice president of the organization. Chen Xiaobo joined Changan Ford again, which is not only the return of veteran employees, but also the move of Changan Ford to build a localization team. According to relevant information, Chen Xiaobo joined Changan Ford in 2004 and was finally promoted to Changan Ford Marketing Minister. In March 2017, Chen Xiaobo left Changan Ford and immediately joined Renault China. Changan Ford has experienced a cliff-like decline in sales in the past four years.
According to domestic media reports, Ford's first all-electric SUV will be announced tomorrow, following online rumors that the car may be named Mach E, with 484km for the standard version and 600km for the performance version, which is expected to start at $40, 000 (about 280000 yuan) when it goes on sale in 2020. According to previous reports, the new car will be officially launched on November 17. In terms of appearance, it is not difficult to see that this is a cross-border SUV model. It is reported that its design inspiration comes from the Ford Mustang.
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.
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
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