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Article: FORD MOTOR WILL DEVELOP IN CHINA MARKET ROUNDLY

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AsiaInfo Services
Article date:
February 4, 2002
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Ford Motor Will Develop in China Market Roundly

CHINA, Feb 04, 2002 (AsiaPort via COMTEX) -- At present the CEO William Ford for Ford Motor declares to reduce 10 of the staff in the world and close up 5 manufactories in North America to save cost and increase profit.

It's reported that Ford Motor got the profit over USD 8 billion in 2000. But the loss of Ford Motor reached USD 0.752 billion in the second quarter of 2001. It reached USD 0.692 billion in the 3rd quarter of 2001. Up to November 2001, the market share of Ford Motor in America drops to 23.2. Hereinto the sales income of sedans of Ford Motor decreases 5.5. All-purpose automobile market and truck market have ...

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