Ford CEO Believes China Could Be Export Hub for Automaker
Ford CEO Alan Mulally, who is currently in China to help open a factory, believes the country will inevitably become an export hub for the American automaker.
“I think it’s just a matter of time,” Mulally said in an interview with Bloomberg TV. Ford is investing $4.9 billion in China to help catch up with General Motors and the Volkswagen Group.
According to the CEO, the emphasis on China has been working for Ford as it aims to take six percent of China’s market by 2015. The new factory is in the southeastern city of Nanchang, at one of Ford’s Chinese partners, Jiangling Motors Corp. It will add 300,000 vehicles in annual capacity to the existing 245,000 units.
[Source: Automotive News]
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Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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And he shut down Ford Australia.