Ford sees JV selling record Ford models
FORD Motor expected its China car venture to sell a record 305,000 Ford brand vehicles this year, up 32 percent from a year earlier, a senior company executive said yesterday.
Sales of Ford models made at its China car venture were expected to grow at least as fast as the market in 2011, said Richard Baker, deputy general manager of the venture s sales arm.
GZ Auto considers A share listing in 2011
HONG KONG-LISTED Guangzhou Automobile Group Co. Ltd., China s No.6 domestic automaker, was considering an A share listing next year, its president said yesterday.
We will consider listing A shares next year and this was one of our goals when we listed in Hong Kong in August, president Zeng Qinghong told reporters at the auto show. The company also planned to increase production capacity to 3 million vehicles per year by 2015 and was targetting total sales of 400 billion yuan in 2015, up from estimated sales of more than 150 billion yuan for this year, Zeng said.
