iPhone | iPad
Android
Huawei
Reports show inflation eased in October with consumer price index logging its lowest annual pace since January
KT APPDOWNLOAD
Ford plans to sell cars in China below Fiesta price
Ford Motor Co plans to introduce vehicles in China that will be priced below its current low-price Fiesta model, the company’s chief of Asia operations said on Monday.
“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.
More news from Markets
Reports about Russian missiles killing two people in Poland have led to a demand for safe-haven assets
It depreciated 66 paise to 81.57 against the US dollar, tracking the strength of the American currency and a muted trend in Indian equities
'The catalyst for the recent strong rally was partially the correction of the US dollar,' says expert
It appreciated to 81.14 against the US dollar in early trade on Tuesday; forex traders said sustained foreign fund inflows have supported the currency
According to a recent government directive, retailers are not allowed to hike rates of 9 basic food items
The final offer price is expected to be announced on November 23, 2022
It depreciated 15 paise to 80.93 against the US dollar in early trade on Monday, in line with a muted trend in the Indian equities