FILE PHOTO: People walk by a Ford Escape SUV displayed during the media day for the Shanghai auto show in Shanghai, China April 16, 2019. REUTERS/Aly Song
SHANGHAI (Reuters) – China’s China Changan Automobile Group expects sales at its joint venture with Ford Motor Co to rebound at the end of this year as the U.S. automaker boosts its China product line, Changan’s president said on Tuesday.
Zhu Huarong made the comment to Reuters on the sidelines of the Shanghai Autoshow.
Ford earlier this month announced that it plans to launch more than 30 new models in China over the next three years as it seeks to reverse slumping sales in the world’s biggest auto market.
Reporting by Yilei Sun and Brenda Goh
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source: reuters.com