Changan Ford

Changan Ford (长安福特 Cháng'ān Fútè, full name Changan Ford Automobile Co., Ltd.) is an automotive manufacturing company headquartered in Chongqing, China and a 50:50 joint venture between Changan Automobile and Ford Motor Company. The company's principal activity is the manufacture of Ford brand passenger cars for the Chinese market. The company was formed in Dec. 2012 after the decision to restructure Changan Ford Mazda, whereby Ford and Mazda agreed to work with Changan as separate joint ventures.[1] Currently, Changan Ford's entire production base is the largest manufacturing location outside Detroit, Michigan for Ford.[2] It has plants in Chongqing, Hangzhou & Harbin. The slogan for Changan Ford is "Go Further" (进无止境, Jìn wú zhǐjìng).

Changan Ford Automobile Co., Ltd.
TypeJoint venture
IndustryAutomotive
PredecessorChangan Ford Mazda
Headquarters,
Area served
China
Key people
Steven Armstrong (President and CEO)
Zhao Fei (Executive Vice President)
ProductsAutomobiles
OwnerChangan Automobile (50%)
Ford Motor Company (50%)
Number of employees
15,000+

History

In late 2012, China approved division of the Changan Ford Mazda joint venture 50-50 into separate Ford and Mazda components.[3]

In 2013, Changan Ford opened a new engine plant in Chongqing with an investment of US$500 million.[4]

On Jun. 18, 2014, Changan Ford opened its transmission plant in Chongqing with an investment of US$350 million. This is the first transmission plant for Ford in the Asia-Pacific region.[5]

In 2015, Changan Ford acquired Harbin Hafei Automobile Group Co, a subsidiary of Chongqing Changan's parent company, for US$1.1 billion.[6] After factory upgrades, vehicle production started in the second half of 2016.

Products

Current

Former

Sales

Calendar year Total sales
2012 418,500[7]
2013 678,950[8]
2014 801,603[9]
2015 836,425[10]
2016 957,495[11]
2017 826,740[12]
2018 417,215[13]
2019 183,987[14]
2020 213,680[15]

References

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.