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4-Traders Homepage  >  Equities  >  Tokyo  >  Mazda Motor Corp    7261   JP3868400007

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Ford says studying indigenous brands for China market

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06/04/2012 | 07:34am CEST

Ford Motor (>> Ford Motor Company) is in talks with its partners to introduce indigenous brands in China, while it focuses on building up its own brand in the world's biggest auto market, its China chief said on Monday.

Ford Motor (>> Ford Motor Company) is in talks with its partners to introduce indigenous brands in China, while it focuses on building up its own brand in the world's biggest auto market, its China chief said on Monday.

Some foreign auto makers have launched so-called indigenous, or China-only, brands with their local partners, in part to comply with Chinese government regulations that allow global carmakers like Ford to manufacture cars in China.

"We always are in discussions with our joint venture partners. All I can tell you is we are studying indigenous brands, but our total focus in terms of brand enhancement is really on the Ford brand," said David Schoch, chairman and CEO of Ford's China operations.

Ford makes its Fiesta, Focus, Mondeo and other sedans in China in a three-way tie-up with Changan Automobile and Japan's Mazda Motor Corp (>> Mazda Motor Corp.). It also holds 30 percent of Jiangling Motors Corp <000550.SZ>, which makes Ford's Transit vans.

(Reporting By Lee Chyen Yee; Editing by Alex Richardson)

Stocks treated in this article : Mazda Motor Corp., Ford Motor Company
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Financials ( JPY)
Sales 2018 3 363 157 M
EBIT 2018 -
Net income 2018 121 510 M
Finance 2018 50 158 M
Yield 2018 2,33%
P/E ratio 2018 8,11
P/E ratio 2019 7,43
EV / Sales 2018 0,28x
EV / Sales 2019 0,25x
Capitalization 977 797 M
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Mean consensus HOLD
Number of Analysts 20
Average target price 1 835  JPY
Spread / Average Target 13%
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Managers
NameTitle
Masamichi Kogai President, CEO & Representative Director
Seita Kanai Chairman
Tetsuya Fujimoto Managing Executive Officer & Head-Finance
Akira Marumoto Representative Director & Executive Vice President
Nobuhide Inamoto Director & Senior Managing Executive Officer
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