Changan Ford Mazda
| Type | Private joint venture |
|---|---|
| Industry | Automotive |
| Founded | 2001 |
| Headquarters | Chongqing, China |
| Area served | China |
| Products | Automobiles |
| Owner(s) | Chang'an Automobile Group (50%) Ford Motor Company (35%) Mazda (15%) |
Changan Ford Mazda (officially Changan Ford Mazda Automobile Co., Ltd.) is an automotive manufacturing company headquartered in Chongqing, China and a joint venture between Chang'an Automobile Group, Ford Motor Company and Mazda.
Contents |
[edit] History
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.[1] 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 announed 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.[2]
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.[3][4]
On April 4, 2006, Mazda acquired a 15% stake in Chang'an Ford from Ford, with the company being renamed Changan Ford Mazda Automobile Co., Ltd.[5]
In September 2007, Changan Ford Mazda opened a new assembly plant in Nanjing with an initial production capacity of 160,000 vehicles per annum, constructed at a cost of US$510 million.[6][7]
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.[8][9] The plant opened in February 2012.[10][11]
[edit] Sales
| Calendar year | Total sales |
|---|---|
| 2004 | |
| 2005 | 61,013[12] |
| 2006 | 126,790[13] |
| 2007 | 217,100[14] |
| 2008 | 204,334[15] |
| 2009 | 315,791[16] |
| 2010 | 403,283[17] |
| 2011 |
[edit] References
- ^ "JV Cooperation". Changan Automobile Group. http://global.changan.com.cn/About/cooper.shtml. Retrieved 26 February 2012.
- ^ "Ford comes late to China's party". USA Today. 20 April 2005. http://www.usatoday.com/money/autos/2005-04-20-ford-china-usat_x.htm. Retrieved 26 February 2012.
- ^ "Volvo to start Chinese production". BBC News. 20 March 2006. http://news.bbc.co.uk/1/hi/business/4824088.stm. Retrieved 3 March 2012.
- ^ "Ford's Volvo Unit to Start Making S40 Sedans in China". Bloomberg. 20 March 2006. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ao6InC_66I18&refer=asia. Retrieved 3 March 2012.
- ^ "Mazda takes 15% stake in Changan Ford from Ford". Malaysia Star. 4 April 2006. http://thestar.com.my/news/story.asp?file=/2006/4/4/apworld/20060404152113&sec=apworld. Retrieved 26 February 2012.
- ^ "Ford starts operation at new $510 mln China plant". Reuters. 24 September 2007. http://in.reuters.com/article/2007/09/24/idINIndia-29685720070924. Retrieved 26 February 2012.
- ^ "Ford opens China factory". Toronto Star. 24 September 2007. http://www.thestar.com/Business/article/259870. Retrieved 26 February 2012.
- ^ "Amid weakness at home, Ford, Toyota turn to China". USA Today. 25 Septmeber 2009. http://www.usatoday.com/money/autos/2009-09-25-ford-to-build-china-plant_N.htm. Retrieved 26 February 2012.
- ^ "Ford Begins Work on 3rd China Car Plant in Asia Push". Blooomberg. 25 Septmeber 2009. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a5En7EMGlY44. Retrieved 26 February 2012.
- ^ "Ford plays catch-up in China's growing auto market". Los Angeles Times. 25 February 2012. http://www.latimes.com/business/la-fi-china-ford-20120225,0,7382412.story?page=1&utm_medium=feed&track=rss&utm_campaign=Feed%3A%20latimes%2Fbusiness%20%28L.A.%20Times%20-%20Business%29&utm_source=feedburner. Retrieved 26 February 2012.
- ^ "Ford opens 4th Chinese assembly plant". Detroit Free Press. 25 February 2012. http://www.freep.com/article/20120225/BUSINESS0102/202250363/Ford-opens-4th-Chinese-assembly-plant?odyssey=nav%7Chead. Retrieved 26 February 2012.
- ^ "Ford: Sales In China Rose 46 Percent". CBS News. 11 February 2006. http://www.cbsnews.com/stories/2006/01/16/business/main1210146.shtml. Retrieved 28 February 2012.
- ^ "Ford's China jv sees big jump in 2007 sales". Reuters. 19 April 2007. http://www.reuters.com/article/2007/04/19/idUSSP26673320070419. Retrieved 28 February 2012.
- ^ "Focus drives Ford sales in China". Toronto Star. 9 January 2008. http://www.thestar.com/Business/article/292431. Retrieved 28 February 2012.
- ^ "Ford's China car JV sales down 6 pct in 2008". Reuters. 12 January 2009. http://www.reuters.com/article/2009/01/12/ford-china-sales-update-idUSSHA6948720090112. Retrieved 28 February 2012.
- ^ "Ford to outpace China market in 2010; sales strong in '09". Reuters. 7 January 2010. http://www.reuters.com/article/2010/01/07/retire-us-ford-chinasales-idUSTRE6060XN20100107. Retrieved 28 February 2012.
- ^ "Ford: China sales hit record in 2010". Business Report. 7 January 2011. http://www.iol.co.za/business/international/ford-china-sales-hite-record-in-2010-1.1009197. Retrieved 28 February 2012.
[edit] External links
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