Tag: JVs

By on February 4, 2021

Ford/Zotye Agreement

Ford Motor Co. has decided against its plan to launch an electric vehicle joint venture with China’s Zotye Automobile. The American manufacturer confirmed the decision on Thursday, stating that the Chinese Communist Party (CCP) had made sweeping changes to its policies since the deal was initially agreed to in 2017.

Few specifics were given beyond that and Ford hasn’t indicated the move might suggest a retreat from the one-party socialist republic. Ford recently confirmed its plan to build Chinese versions of the all-electric Mustang Mach-E with Chongqing Changan Automobile Co. and maintains numerous joint ventures necessary to continue doing business inside Central Asia.

(Read More…)

Recent Comments

  • Lorenzo: A number of commuter bus makers like Setra (owned by Daimler) have gone to the one piece windscreen...
  • el scotto: So the group that owns Texas Motor Speedway is having a “fan entitlement” weekend at COTA?...
  • mcs: @lorenzo: “Battery electric is unsuitable for the snow zone, or the desert zone, even in urban areas....
  • Lie2me: Muntz Jets were very well engineered and way ahead of their time. Considering how few were made there are a...
  • bullnuke: I’ll check the Conti’s on my Subaru. In other news, the Lexus advertisement on this site leaked...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber