Ford Plans to Make Major Purchase of Auto Parts in China

Home>>Business

Last updated at: (Beijing Time) Tuesday, September 24, 2002

Ford Plans to Make Major Purchase of Auto Parts in China

Ford Motor Company has announced plans to purchase over one billion US dollars worth of automobile parts in China over the next year.

DISCUSSION

CHINESE

SEND TO FRIEND

Ford Motor Company has announced plans to purchase over one billion US dollars worth of automobile parts in China over the next year.

Nick Scheele, Ford president and chief operating officer, said that the purchase, while part of Ford's strategy to maintain its competitive edge in the global market, will also increase Ford's market recognition in China's mainland and save the company money.

Kenneth Hsu, vice president of Ford Motor China said up until now Ford purchases up to 90 billion US dollars worth of auto parts annually worldwide, with only 0.2 billion US dollars worth purchased from China. Now, however, Ford has listed China as one of its principal parts providers, second only to the United States.

Ford Motor China set up an auto parts purchasing department in April this year.

Experts say that Ford's decision to increase its purchase of auto parts here demonstrates its satisfaction with the "Changan Ford Joint Venture" as well as its desire to expand business in this populous nation.

Questions?Comments? Click here

World Auto Manufacturers Exhibit China Ambitions

China Benefits from Ford's Environmental Grants for 3rd Year