This is the first time the virtual currency has plunged so low
Markets5 days ago
“We do believe that the Ford brand has even more potential to offer value products for these markets like the tier-3, 4, 5 cities, so we have some plans in place to do that,” Joe Hinrichs, Ford Asia chief, told reporters at the Beijing auto show.
“We believe the Ford brand has the capability to go a price point lower than Fiesta,” he said. He didn’t provide specific details.
Ford makes the Fiesta, Focus, Mondeo and other vehicles in China in a three-way tie-up with Chongqing Automobile Co Ltd and Japan’s Mazda Motor Corp..
Hinrichs’ reply came in response to a question about whether Ford would make a joint venture brand with Changan.
The Fiesta model in China sells in a range equivalent to $12,300 to $17,500.
The same lower pricing could be applied to other emerging markets in Asia-Pacific, Africa and elsewhere by taking advantage of single model platforms for global sale, he said.
This is the first time the virtual currency has plunged so low
Markets5 days ago
The oil giant was valued at $2.42 trillion based on the price of its shares at close of market
Markets5 days ago
Experts say rupee will remain under pressure until there is political stability
Markets6 days ago
Forex dealers say the greenback is being sold above Rs189 in the open market
Markets1 week ago
Surging oil prices have also weighed heavy on the rupee with a surprise rate hike by the Reserve Bank of India last week doing little to stem capital outflows
Markets1 week ago
The rupee has weakened sharply over the last few months due to a sharp rise in crude oil
Markets1 week ago
Century Financial will now offer services for t
Markets1 week ago
The IPO, expected to raise up to $2.74 billion, is India’s largest ever. Its partial listing is part of plans by Prime Minister Narendra Modi to privatise some industries and boost state coffers
Markets1 week ago