Ford of Europe chairman to head joint-venture in China
“Steve’s leadership will help us further strengthen the Changan Ford JV as we bring more new vehicles to the China market, including our first global all-electric small SUV,” Ford CEO Jim Hackett said in a statement. “His deep understanding of Ford and the automotive industry and keen ability to build productive relationships with partners and employees around the globe will serve us well as we drive Ford’s growth in China.”
Ford has struggled recently in China, with second-quarter sales falling 22 percent from the same period a year ago. But the automaker noted that sales of Changan Ford brand vehicles recorded two consecutive months of more than 30 percent increases in May and June.