Automotive News Europe 6/20/13 06:01 CET full article at link
Hopefully "an" is the operative word, but ....???BEIJING (Bloomberg) -- Ford Motor Co. CEO Alan Mulally sees China becoming an export hub for the automaker, but he added that the company's current focus is on meeting local demand.
"I think it's just a matter of time," he said when asked about Ford exporting from China. "Over time, all of our facilities are positioned so we can support all the markets around the world from any location," Mulally said in a Bloomberg TV interview today.
Ford's sales have been rising faster than expected and the company is the fastest-growing major foreign automaker in China this year with vehicle sales surging 48 percent in the first five months, spurred by demand for its EcoSport and Kuga SUVs.What does that suggest about Ford's future US exports ... and possibly more importantly ... their US IMPORTS?Ford is investing $4.9 billion in China to try to catch up with Volkswagen Group and General Motors Co.
Could this be one of the contributors to Ford's 3.26% decline in stock price today?