Changan Ford Automobile Co., Ltd.

Changan Ford Automobile. Co., Ltd.
Formerly called
 Changan Ford Mazda
Joint venture
Industry Automobile
Predecessor Changan Ford Mazda
Headquarters Chongqing, China
Number of locations
 3 plants: Chongqing, Hangzhou & Harbin
Key people

Marin Burela, President and CEO

He Chaobing, Executive Vice President
Products Taurus, Edge, Mondeo, Kuga, Focus, Escort, Fiesta
Owner

Changan Automobile: 50%

Ford Motor: 50%
Number of employees
 25,000
Slogan 进无止境 "Go Further!"

Changan Ford (previously Changan Ford Mazda Automobile Co., Ltd.) is an automotive manufacturing company headquartered in Chongqing, China and a joint venture between Chang'an Automobile Group and Ford Motor Company. The new name took in effect in Dec. 2012 after the decision to restructure the company where Ford and Mazda will work individually with Changan as separate joint ventures.[1] Currently, Changan Ford's entire production base is the largest manufacturing location outside Detroit, Michigan for Ford.[2]

History

2001 to 2010

Changan Ford Automobile Co., Ltd. was established in April 2001 as a 50-50 joint venture between Ford Motor Company and Chang'an Automobile Group.[3] Operations began in 2003, with 20,000 Ford Fiestas produced in that year. Production was initially based upon knockdown kits, partially assembled vehicles imported to meet local assembly regulations. Capacity was increased to 50,000 vehicles in 2004 and to 150,000 soon after, and the Ford Mondeo and Ford Escape-based Maverick SUV also entered production.

In April 2005 it was announced that Changan Ford's Chongqing factory would begin assembling the Ford Focus model, and that Ford, Changan Automotive Group and Mazda would establish a new joint venture company, Chang'an Ford Mazda Engine, to build a new engine plant in Nanjing capable of producing 350,000 units annually.[4]

In March 2006 it was announced that Changan Ford would begin producing Volvo automobiles later in that year, with the S40 saloon the first vehicle to enter production.[5][6]

Mazda acquired a 15% stake in Changan Ford from Ford on April 4, 2006, with the company being renamed Changan Ford Mazda Automobile Co., Ltd.[7]

Changan Ford Mazda opened a new assembly plant in Nanjing in September 2007, constructed at a cost of US$510 million and with an initial production capacity of 160,000 vehicles per annum.[8][9]

In September 2009, Changan Ford Mazda announced plans to invest US$490 million in the construction of a second assembly plant in Chongqing, with a planned annual capacity of 150,000 vehicles.[10][11] The plant opened in February 2012.[12][13]

2010 to present

In early April 2012, Changan Ford Mazda announced plans to invest US$600 million in the expansion of its manufacturing facilities in Chongqing, increasing its total unit capacity by 350,000 vehicles to 950,000.[14][15] Later in the same month, Changan Ford Mazda announced plans to invest US$760 million in the construction of a new vehicle assembly plant in Hangzhou with an initial capacity of 250,000 units.[16] The plant is planned for completion in 2015.[17]

In late 2012, China approved division of the joint venture 50-50 into separate Ford and Mazda components.[18]

In 2013, Changan Ford opened a new engine plant in Chongqing with an investment of $500 million USD.[19]

On Jun. 18, 2014, Changan Ford opened its transmission plant in Chongqing with an investment of $350 million USD. This is the first transmission plant for Ford in the Asia-Pacific region. [20]

In 2015, Changan Ford acquired Harbin Hafei Automobile Group Co, a subsidiary of Chongqing Changan's parent company, for $1.1 billion USD.[21] After factory upgrades, vehicle production will start in the second half of 2016.

Sales

Calendar year Total sales
2004
2005 61,013[22]
2006 126,790[23]
2007 217,100[24]
2008 204,334[25]
2009 315,791[26]
2010 403,283[27]
2011 320,658[28]
2012 418,500[29]
2013 678,950[30]
2014 801,603[31]
2015 836,425[32]

References

  1. ↑ http://www.reuters.com/article/us-ford-mazda-china-idUSBRE8AT0N220121130
  2. ↑ 杨帆. "Changan Ford commissions third China plant". www.chinadaily.com.cn. Retrieved 2016-04-19.
  3. ↑ "JV Cooperation". Changan Automobile Group. Retrieved 26 February 2012.
  4. ↑ "Ford comes late to China's party". USA Today. 20 April 2005. Retrieved 26 February 2012.
  5. ↑ "Volvo to start Chinese production". BBC News. 20 March 2006. Retrieved 3 March 2012.
  6. ↑ "Ford's Volvo Unit to Start Making S40 Sedans in China". Bloomberg. 20 March 2006. Retrieved 3 March 2012.
  7. ↑ "Mazda takes 15% stake in Changan Ford from Ford". Malaysia Star. 4 April 2006. Retrieved 26 February 2012.
  8. ↑ "Ford starts operation at new $510 mln China plant". Reuters. 24 September 2007. Retrieved 26 February 2012.
  9. ↑ "Ford opens China factory". Toronto Star. 24 September 2007. Retrieved 26 February 2012.
  10. ↑ "Amid weakness at home, Ford, Toyota turn to China". USA Today. 25 September 2009. Retrieved 26 February 2012.
  11. ↑ "Ford Begins Work on 3rd China Car Plant in Asia Push". Blooomberg. 25 September 2009. Retrieved 26 February 2012.
  12. ↑ "Ford plays catch-up in China's growing auto market". Los Angeles Times. 25 February 2012. Retrieved 26 February 2012.
  13. ↑ "Ford opens 4th Chinese assembly plant". Detroit Free Press. 25 February 2012. Retrieved 26 February 2012.
  14. ↑ "Ford to invest $600M to branch out in China". Detroit Free Press. 5 April 2012. Retrieved 6 April 2012.
  15. ↑ "Ford to expand Chinese factories again". Bloomberg Businessweek. 5 April 2012. Retrieved 6 April 2012.
  16. ↑ "Ford to Build Plant in China to Bolster Global Sales". The New York Times. 19 April 2012. Retrieved 19 April 2012.
  17. ↑ "Ford invests $760 million for new China plant, more capacity". Reuters. 19 April 2012. Retrieved 19 April 2012.
  18. ↑ "Restructure of Changan Ford Mazda Automobile Approved". Mazda. 30 November 2012. Retrieved 6 February 2013.
  19. ↑ "http://www.reliableplant.com/Read/26742/Ford-engine-plant-China". External link in |title= (help)
  20. ↑ "Ford Unveils New Transmission Plant in China".
  21. ↑ "Ford China joint venture acquires factory in $1.1 bln deal". Reuters. 2015-04-02. Retrieved 2016-04-19.
  22. ↑ "Ford: Sales In China Rose 46 Percent". CBS News. 11 February 2006. Retrieved 28 February 2012.
  23. ↑ "Ford's China jv sees big jump in 2007 sales". Reuters. 19 April 2007. Retrieved 28 February 2012.
  24. ↑ "Focus drives Ford sales in China". Toronto Star. 9 January 2008. Retrieved 28 February 2012.
  25. ↑ "Ford's China car JV sales down 6 pct in 2008". Reuters. 12 January 2009. Retrieved 28 February 2012.
  26. ↑ "Ford to outpace China market in 2010; sales strong in '09". Reuters. 7 January 2010. Retrieved 28 February 2012.
  27. ↑ "Ford: China sales hit record in 2010". Business Report. 7 January 2011. Retrieved 28 February 2012.
  28. ↑ http://www.autoblog.com/2013/01/11/ford-sales-in-china-up-21-in-2012-43-in-dec-alone/
  29. ↑ http://www.autoblog.com/2013/01/11/ford-sales-in-china-up-21-in-2012-43-in-dec-alone/
  30. ↑ http://chinaautoweb.com/auto-companies/changan-ford/
  31. ↑ http://chinaautoweb.com/2015/01/2014-passenger-car-sales-by-brand/
  32. ↑ http://www.businessinsider.com/ap-ford-sells-11m-vehicles-in-china-in-2015-sets-new-record-2016-1

External links


This article is issued from Wikipedia - version of the Tuesday, April 19, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.