{"id":1931148,"date":"2023-05-15T11:10:45","date_gmt":"2023-05-15T15:10:45","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ford-says-it-will-reduce-costs-to-boost-china-business\/"},"modified":"2023-05-15T11:12:53","modified_gmt":"2023-05-15T15:12:53","slug":"ford-says-it-will-reduce-costs-to-boost-china-business","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ford-says-it-will-reduce-costs-to-boost-china-business\/","title":{"rendered":"Ford to cut costs for China expansion."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fford-says-it-will-reduce-costs-to-boost-china-business%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1931148&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Ford Strives to Cut Costs in China to Recover from Sales Slump<\/h2>\n<h3>Ford China Representative Confirms Cost Reduction Efforts<\/h3>\n<p>Ford is working to reduce costs in China as it aims to recover from a long <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/kohls-may-not-be-selling-itself-after-all\/\" title=\"Kohl's May Not Be Selling Itself After All\">sales slump<\/a> in the world\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tesla-misses-delivery-estimates-for-first-quarter\/\" title=\"Tesla misses delivery estimates for first quarter\">largest auto market<\/a>. A representative of Ford China confirmed that the company is working internally and with its partners to reduce costs in all areas. \u201cOur costs are not competitive, and we can only win through a lean and agile organization. These actions are necessary for us to build a healthier and more sustainable business in China,\u201d the representative said in a statement to Reuters.<\/p>\n<h3>Reports of Job Cuts in China<\/h3>\n<p>Last week, local Chinese media reported that Ford planned to cut 1,300 jobs in China, but the company did not comment on how it would cut costs. Reuters was not able to independently verify the reported job cuts. Ford\u2019s sales in China have been sliding since 2016, but its exports from the country nearly doubled in 2022, according to industry data.<\/p>\n<h3>Ford to Restructure China Operations<\/h3>\n<p>Ford CEO Jim Farley announced in April that the company will restructure its China operations to turn one of its joint ventures into an export hub for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ford-says-it-will-reduce-costs-to-boost-china-business\/\" title=\"Ford to cut costs for China expansion.\">low-cost commercial electric<\/a> and combustion vehicles.<\/p>\n<ul>\n<li>Ford is working to reduce costs in China to recover from a sales slump<\/li>\n<li>The company confirmed that it is working internally and with partners to reduce costs in all areas<\/li>\n<li>Reports suggest that Ford plans to cut 1,300 jobs in China, but the company did not comment on how it would cut costs<\/li>\n<li>Ford\u2019s sales in China have been sliding since 2016, but its exports from the country nearly doubled in 2022<\/li>\n<li>The company plans to restructure its China operations to turn one of its joint ventures into an export hub for low-cost commercial electric and combustion vehicles<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>SHANGHAI\/BEIJING (Reuters) \u2013 Ford said on Monday it was working to reduce costs in China as it strives to recover from a long sales slump in the world\u2019s largest auto market. \u201cOur costs are not competitive, and we are working internally and with our partners to reduce costs in all areas,\u201d a representative of Ford<\/p>\n","protected":false},"author":66,"featured_media":1931149,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[4501,7969,9677,12432,8411],"class_list":["post-1931148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-china","tag-costs","tag-cut","tag-expansion","tag-ford"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1931148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1931148"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1931148\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1931149"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1931148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1931148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1931148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}