Farley said those earnings included the export of vehicles such as the Lincoln Nautilus, which is exclusively produced in China for other markets such as the U.S.'s operations in China earned roughly $600 million last year despite challenging market conditions, CEO Jim Farley said Thursday night."I'm happy to say that Ford makes money in China, and I'm very proud of that, because not many can say that," Farley said following a vehicle reveal for the Detroit Auto Show.
Farley said those earnings included the export of vehicles such as the Lincoln Nautilus, which is exclusively produced in China for other markets such as the U.S. China has been an increasingly challenging market for automakers, especially western legacy companies such as Ford and General Motors. Ford does not report earnings by region, but Farley has previously touted the company's evolving"asset-light" strategy in China.
Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyChicago Weather
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Ford Makes Money in China Despite Tough MarketFord CEO Jim Farley revealed that the company's operations in China generated $600 million in profit last year, defying the challenges faced by automakers in the region.
और पढो »
Ford CEO Says China Operations Earned $600 Million Despite Market ChallengesFord Motor CEO Jim Farley revealed that the company's operations in China earned roughly $600 million last year, highlighting a profitable performance despite challenging market conditions. Farley emphasized the company's success in making money in China, a feat not many automakers can claim. He attributed the earnings, in part, to the export of vehicles like the Lincoln Nautilus, which is produced exclusively in China for markets such as the U.S.
और पढो »