Auto Knight

Ford China Joint Venture Up 58% In 2008

by Darren

Ford Motor did so well selling cars in China with a Joint Venture, that they’re ramping up sales forecasts for 2008. The plan to increase sales in China is simple: the company will offer even more makes and models that ever before.

“We have set a target to sell 58 percent more vehicles in 2008,” Zou Wenchao, executive vice president Changan Ford Mazda, said to Reuters during the recent Beijing Auto Show.

The current joint venture is called Changan Ford Mazda and is a three-way tieup between Ford, its affiliate Mazda Motor Co and China’s Changan Automobile Compant.

The JV sold 217,000 cars last year.