Ford is expected to sign an initial agreement to explore the possibility of exporting vehicles to China as part of a multi-billion dollar commercial pact to be sealed during Chinese president Hu Jintao’s current state visit to the United States.
“Ford Motor Company is evaluating opportunities to import vehicles to China from the U.S., subject to our business plan and to Chinese regulatory approvals governing vehicle imports,” the Detroit automaker said in a statement cited by the Reuters news agency.
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Ford, a relative latecomer to China, is building a new car plant with local JV partners Chongqing Changan Automobile and Mazda and also adding a $300m new facility jointly with partly-owned Jiangling Motor.
Ford intends to introduce 50 new products and power trains to Asia and Africa over the next four years, regional president Joe Hinrichs said last week at the Detroit motor show.
Ford makes Fiesta, Mondeo, Focus and X-MAX models in a three-way tie-up with Changan and Mazda. It also launched its Edge sport utility vehicle late last year to tap growth in the fast-growing segment.
The JV with Jiangling makes Transit light commericials.
Ford denies plans to export from China
