Ford Reorganizes China Operations
Ford Motor Co. is adopting a single distribution channel in China and is making several executive changes to implement the strategy and reverse the company’s slumping sales in the country.
Ford Motor Co. is adopting a single distribution channel in China and is making several executive changes to help implement the strategy and reverse the company’s slumping sales in the country.
Leading the new structure is Henry Li, vice president, marketing and sales for Ford Greater China. He previously was senior executive vice president for Beijing Mercedes-Benz Sales Service Co.
Li will be based in Shanghai and report to Peter Fleet, group vice president, Asia Pacific. Fleet also became CEO of Ford China after Jason Luo abruptly left the company for personal reasons after just five months in the position.
Chen previously was vice president and managing director and board director of Key Safety System’s Yanfeng KSS (Shanghai) Automotive Safety Systems Company. Luo also came from Key Safety, which was acquired by China’s Ningbo Joyson Electric Corp. in 2016.
Ford, a relative latecomer to the Chinese market, saw its sales there drop 6% in 2018. Volume shrank 19% year-over-year through the first quarter of 2017. Ford plans to add production of 50 new models in China by 2025, including an array of crossover/SUVs and electrified vehicles.