Ford to Add 50 Models to Its China Fleet by 2050

Ford to launch 50 new vehicles in China by 2025

The automaker, now a small player in the world's largest auto market, announced the ambitious plan on Tuesday in Shanghai. "China is extremely important and I think this is an acknowledgement of maybe some previous missteps of investment in China for Ford", he said.

Ford recently announced a $756 million joint venture with Chinese auto firm Zotye Auto to produce and sell electric vehicles in Beijing.

Ford's sales in China have been weak in recent months, and the company is scrambling to come up with electric cars to comply with China's production and sales quotas for such so-called new energy vehicles, or NEVs.

General Motors Co. has said that it plans to make all its new vehicles in China either hybrid or fully electric by 2025.

Custody battle between Mariah's parents included child abuse allegations
More than 225 members of 14 local, state and federal agencies conducted almost 100 interviews, and followed more than 140 leads. Woods had filed court documents challenging that arrangement and, in those documents, alleged that there was abuse in the home.

(NYSE:CMG) Shares Bought by State of Wisconsin Investment Board
It increased, as 43 investors sold CMG shares while 160 reduced holdings. 83 funds opened positions while 138 raised stakes. More important recent Adams Resources & Energy, Inc. (NYSE:CMG) has risen 7.62% since December 3, 2016 and is uptrending.

Cisco Systems (CSCO) Stock Rating Lowered by Vetr
Kentucky Retirement Systems Insurance Tru Fund stated it has 136,936 shares or 0.76% of all its holdings. (NASDAQ: CSCO ). At present, 3 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data.

Added [CEO Jim} Hackett: "Ford's aspiration is to become the world's most trusted mobility company, designing smart vehicles for a smart world". By 2019 all cars sold in China under the Ford or Lincoln brand will come with always-on internet as standard.

The 50 planned vehicles will include at least 15 electric cars under the Ford and Lincoln marques, and five more vehicles that will be assembled within China for Chinese consumers from 2019, the company said. "The progress we have achieved in China is just the start".

Ford's announcement comes at a time when foreign automakers, encouraged by policy changes in China, are rushing to grab a share of the country's burgeoning electric vehicle market. By 2019 it will be building five new Ford and Lincoln models including a premium Lincoln SUV and the aforementioned plug-in electric auto in China.

However, when Ford gets its "One Ford" philosophy right - ie, single models developed for its global market - it results in cars as good as the Focus and the Fusion (sold in Europe as the Mondeo).



Latest news

Steinhoff shares plunge 60% as Jooste quits over alleged accounting irregularities
Steinhoff's holding company is based in Amsterdam for tax reasons and has its primary listing on the Frankfurt stock exchange. It bought Poundland previous year and has introduced its Pep&Co budget clothing brand into scores of stores.

Saudis say most detained in graft sweep agree to settlement
One of those released was son of the late King Abdullah, Prince Miteb, after an undisclosed financial settlement was agreed. The prince told the New York Times that authorities can recover as much as $100 billion from the settlement deals.

Ryan Zinke Recommends Trump Change 10 National Monuments
Trump announced Monday that he would reduce the acreage of Utah's Bears Ears National Monument by about 85 percent and Grand Staircase-Escalante by almost half.

Josh McDaniels Shares His Side Of Shouting Match With Tom Brady
That's just a situation where you understand it and you move on quickly from it, and you focus on your job". You understand those things happen. "You move on quickly from it and we did and we have", he said.

Hot Tickers: McDonald's Corporation (MCD), Parsley Energy, Inc. (PE)
Los Angeles Capital Management & Equity Research Inc bought 714,470 shares as the company's stock rose 15.92% with the market. Out of 27 total analysts who were surveyed, 1 rated it a Moderate Buy, 7 rated it hold, and 19 rated it a Strong Buy.

Are Arbor Realty Trust (ABR) Shares Brimming Over?
At a certain point in the past four quarters, the shares traded as low as $88.65 but made a 24.75% recovery since then. The New York-based Indexiq Advisors Limited Liability Co has invested 0.11% in Lexington Realty Trust (NYSE:LXP).

Occidental Petroleum Corporation (OXY) Position Lifted by Point View Wealth Management Inc
Moreover, Cranbrook Wealth Ltd Llc has 0.01% invested in Occidental Petroleum Corporation (NYSE:OXY) for 353 shares. (NYSE:VEEV). Panmure Gordon has "Sell" rating and GBX 180 target. (NYSE:VEEV) has "Buy" rating given on Friday, May 26 by Bank of America.

Panel report claims Max Hospital guilty
It is dubbed a "super specialty hospital" on the company's website, boasting a wide array of medical disciplines. Failing to do so, a reminder would be sent and if they do not respond then, the police will take action.

Amazon offers prime membership service for free global shipping and video streaming
They will also enjoy access to its video streaming service Prime Video and gaming subscription service Twitch Prime . According The Straits Times , Singapore is the 16th country and the first in Southeast Asia to enjoy this service.

The Spectra Energy Partners, LP (SEP) Position Maintained by WFG Advisors LP
The stock of NextEra Energy Partners, LP (NYSE:NEP) has "Outperform" rating given on Friday, November 18 by Credit Suisse. Vision Capital Management Inc decreased Nextera Energy Inc Com ( NEE ) stake by 32.69% reported in 2017Q2 SEC filing.

Metcalfe During Hearing "I Don't Like Men as You Might"
Bradford was clearly taken aback at the chastising from Metcalfe, who is the committee chair. "Enough is enough. In 2013, Metcalfe used a procedural maneuver to prevent Sims from speaking on the House floor about the U.S.

Economy Slows as Corporate Australia Parties but Consumers Stay Home
Meanwhile, spending on electricity, gas and other fuels went up 11.5 per cent and cigarettes and tobacco went up 11.1 per cent. But household consumption grew by just 0.1% in the quarter and is tracking weak growth levels not seen in nearly a decade.

Randy Travis DWI Naked Arrest Vid Released
The country music star pleaded guilty to driving while intoxicated in January 2013 and was sentenced to two years' probation. Travis crashed his Trans Am near Tioga, and troopers say his blood alcohol content was more than twice the legal limit.

Suspect in shooting of Missouri officer dies
Officers inside watched on camera as the black police SUV approached an area of the building where suspects are brought inside. Gary Higginbotham says police were unaware that the suspect had a second gun that was apparently stolen from a vehicle.

Big Boss 11 updates : Akash, Shilpa nominated for eviction
Bigg Boss gave the captain Vikas Gupta , a special privilege where he could save one of the two and instead nominate someone else. Later, Hina too plays the strategy and tells Vikas that she doesn't want Akash to be the captain and she wants to be the captain.

Other news