Saturday, September 3, 2011

Ford Motor ($F) plans to more than double its offers across vehicle segments in China, the world's top market, as it speeds up the launch of new models, a senior executive said on Saturday.
"If you think of the market as small cars, medium cars, large cars, SUVs, performance vehicles, all of those different pieces, we compete in about 22 percent of that market today," Will Periam, strategy director for Ford's Asia Pacific and Africa operations, told Reuters on the sidelines of an industry forum in Tianjin.
"In the future, we expect to compete in about 50 percent of that market. And that will be by new versions of the products we have and all-new products which aren't here today."
Most of the new models will be made at Ford's manufacturing plant in China, including the new Focus sedan and Kuga, a small SUV, Periam said.-Reuters

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