Ford Motor Company (NYSE:F) evolves its techniques, having big plans in China


Dallas, Texas 07/05/2013 (Financialstrend) – Ford Motor Company (NYSE:F) closed at $16.43 in the previous trading session after heading up by 1.55% (or $0.25). The intra-day range of the stock is $16.14-$16.45. The market capitalization of the company is $64.59 billion.

The Mustang model celebrates the 60th anniversary of the aviation team. The design and engineering teams at Ford have produced a unique United States Air Force Thunderbirds Edition 2014 Ford Mustang GT. The car will be sold at the charity event of Experimental Aircraft Association Air Venture Oshkosh 2013 Gathering of Eagles.

The engineers at Ford are pioneering a thermal imaging technology similar to that used by law enforcement agents in order to locate outlaws, with the final purpose of finding and eliminating air leaks in vehicles. The result of this is a quieter ride and less wind noise increasing customers’ satisfaction in terms of vehicle quality.

The growth in the largest auto market of the world, China, has been slightly slowed down, but does not prevent the Ford Motor Company from making new big plans in the country. Ford intends to reduce the gap that separates the company from competitors Volkswagen AG and General Motors.

The plan of Ford Motor Company is to generate 40 percent of its global sales from China. It is currently generating about 11 percent of its sales from the country. It aims at growing its market share to 6 percent by 2015 and to 7.5 percent by 2020. It targets at selling 30 to 32 million units in the Chinese auto market by 2020.