Ford posts poor China earnings
Print Edition
Ford Motor Company has vowed to 鈥渢ake urgent action to address under-performance鈥 in the Chinese market as the US auto maker reported a sharp decline in overall profits in the second quarter.
Net income was US$1.1 billion, US$900 million less than the same period earlier, according to its latest earnings report released on Wednesday.
Fire at one of Ford鈥檚 supply plants in the US and under-performance in China were believed to be two main factors which led to the almost 50 percent decrease in profits.
Ford said that in the Asia-Pacific region, it is now focused on China and taking urgent action to address under-performance.
鈥淭his includes improving cost competitiveness with aggressive fitness actions and localizing more products in China, as well as recruiting more local talent to key management positions,鈥 said the auto maker.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
