Ford CEO Alan mulally is bullish on the outlook for China's auto market and doesn't expect it to be weighed down by the macroeconomic slowdown, CNBC reported.
Data in recent months showed that China's macroeconomic growth slowed in the second quarter, leading some to worry about the future of the country's auto market. But in an interview with CNBC, mulally said there was no concern, stressing that China remains a strong market, especially for ford.
"China is the world's largest car market and we are the fastest growing [foreign] brand in China," Mr Mulally said. Our best current estimate of China is that GDP will still grow at 6-8 per cent.
In the second quarter of this year, ford made a pre-tax profit of $2.6 billion, including record profits in Asia Pacific non-regional operations, including China, while losses in Europe improved.