Mulally sees China becoming Ford export hub

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Thread: Mulally sees China becoming Ford export hub

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    Mulally sees China becoming Ford export hub

    Automotive News Europe 6/20/13 06:01 CET full article at link

    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.
    Hopefully "an" is the operative word, but ....???

    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.
    Ford is investing $4.9 billion in China to try to catch up with Volkswagen Group and General Motors Co.
    What does that suggest about Ford's future US exports ... and possibly more importantly ... their US IMPORTS?

    Could this be one of the contributors to Ford's 3.26% decline in stock price today?
    It is important what WE use as our "moral compass" and ...
    the "measuring stick" chosen for judging progress/success as well.


    44 mpg by 2010 ... 2013?

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    Re: Mulally sees China becoming Ford export hub

    Quote Originally Posted by 44 mpg by 2010 View Post
    Could this be one of the contributors to Ford's 3.26% decline in stock price today?
    No, the entire market was down today (Dow Jones was down ~2.3%). GM was down 3.27%.

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    Re: Mulally sees China becoming Ford export hub

    Quote Originally Posted by GHull3 View Post
    No, the entire market was down today (Dow Jones was down ~2.3%). GM was down 3.27%.
    Bernanke threatens to shut off the free money and Goldman reaps in the huge shorts on commodities while the steins sell off stocks in protest.

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    Re: Mulally sees China becoming Ford export hub

    We fully expect chinas automotive over capacity to eventually flood the rest of the world....

    It's easy to see fords closing of Australian production and ramp up chinas...

    Fords positioning well in India as well..

    Can't wait to see the new next generation mustang GT with 475 hp and IRS ...

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