Ford Racing To Catch Up In Asia
Ford wants to make up the distance after getting a late start in the Chinese market. Demand there is up 51% since the beginning of the year, so the company is expanding both its product line-up and production capacity. While it was an early participant in other markets in the Asia/Pacific region, it initially steered clear of China – which is expected to see sales of 17 million vehicles this year and as many as 32 million by 2020, according to consensus forecasts. As a result, it lags way behind major brands.