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Ford establishes China business as an independent entity



  A Ford 2019 Transit Connect Wagon sits at the Chicago Auto Show in Chicago, Illinois, on Thursday, February 8, 2018.

Daniel Acker | Bloomberg | Getty Images

A Ford 2019 Transit Connect Wagon stands at the Chicago Auto Show in Chicago, Illinois, on Thursday, February 8, 2018.

US. Automaker Ford said Wednesday it is separating its China unit from the wider Asia-Pacific operations into a stand-alone business to accelerate profitable growth.

Ford's sales in China fell 43 percent year-on-year in September. The automaker was hit hard by the ongoing trade war between the United States and China – despite the fact that Ford sells cars in China through partnerships with local companies.

Some analysts have said China's car sales are slowing down as a result of the ongoing trade break, greater caution among Chinese consumers, and local action against certain types of peer-to-peer lending in the country.

China is absolutely vital to Ford's profitability and growth, "said Farley in a statement." As the world's largest vehicle market, China has its own leadership and focus. "

Ford said it Entering into a busy phase of product renewal in China that includes Ford's high-volume Ford Focus and Ford Escort vehicles, this is part of Ford China's commitment to launch 50 new vehicles by 2025, the company said. [19659006] In January, Ford's former China boss Jason Luo resigned his post after about five months.

– Robert Ferris of CNBC and Reuters contributed to this report.


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