Ford to alter China strategy, Farley says

A Ford Edge L crossover at the Shanghai auto show on April 18, 2023. Ford, facing slumping sales in the world's biggest auto market, is retooling its China operations to focus on more profitable units such as commercial vehicles and EVs. (BLOOMBERG)

May 04, 2023 03:19 PM

Ford Motor Co., looking to reverse financial losses amid a five-year sales slump in China, plans to retrench in the world's largest vehicle market with a new strategy focused on the commercial business, electric vehicles and exports.

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