Wednesday, 11 January 2017

Ford bets on Mustang to power up China profits


Ford Motor Co. is betting on one of its most distinctively American models, the Mustang muscle car, to boost the company's sales and profits in China. Ford began selling the Mustang in China in early 2015, and it is a niche vehicle, selling at a rate of about 3,000 cars a year. 

Still, that makes the Mustang, which starts at 399,800 yuan ($57,670) the top-seller in a sporty car segment against more expensive vehicles like the Audi TT and the Nissan Skyline GT-R. Mustang last year outsold the Chevrolet Camaro from General Motors Co by nearly 15 to one.

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