Ford chinese venture

A Chinese expert writing in state media Saturday said the new list will function like the US entity list and ban Chinese companies from selling or cooperating with listed firms.

Ford china sales

Ford and other American automakers have been struggling in China of late. Ford's first-quarter China sales fell to , vehicles, down One giant American company is already feeling the pressure. Ford's first-quarter China sales fell to , vehicles, down After years of strong growth, the world's largest auto market saw its first slowdown last year, with car sales declining for the first time since the s, hit by a slowing economy, US trade tensions , and a Chinese crackdown on shady credit practices that have crimped car-financing channels. It makes Ford passenger vehicles for the domestic market. And indeed, the move is not out of sync with previous actions by the authorities in China. It is not clear whether the move against Ford is directly connected to the broader clash with the United States. But the Chinese government tends to enforce certain rules and regulations with greater vigor during times of geopolitical tension, particularly when foreign companies are involved, business groups in China say. It makes Ford passenger vehicles for the domestic market. In recent months, it has laid off workers as its China sales have plummeted. Analysts expect US firms to be among the first added to the list, which Beijing has pledged to release soon. And it is not the only automaker to suffer a sales slump in China. Beijing has moved strongly in recent years to shape the way companies in many industries set prices for their products, hoping that this will encourage Chinese consumers to spend with greater confidence. The number of cars it sold in April fell by more than 60 percent from a year earlier.

The authorities in eight other jurisdictions, including the United States, had already given their blessing to the deal. Analysts expect US firms to be among the first added to the list, which Beijing has pledged to release soon.

changan ford

That action deprived dealers of the autonomy to set their own prices, the government said. After years of strong growth, the world's largest auto market saw its first slowdown last year, with car sales declining for the first time since the s, hit by a slowing economy, US trade tensionsand a Chinese crackdown on shady credit practices that have crimped car-financing channels.

china ford fine

But the Chinese government tends to enforce certain rules and regulations with greater vigor during times of geopolitical tension, particularly when foreign companies are involved, business groups in China say. Share Via. Beijing has moved strongly in recent years to shape the way companies in many industries set prices for their products, hoping that this will encourage Chinese consumers to spend with greater confidence.

It is not clear whether the move against Ford is directly connected to the broader clash with the United States.

ford china jmc
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China fines Ford's Changan venture $24 million for antitrust violations