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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 | 01:34am EST

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 2017 3 201 088 M
EBIT 2017 -
Net income 2017 109 222 M
Debt 2017 15 840 M
Yield 2017 1,95%
P/E ratio 2017 9,95
P/E ratio 2018 7,72
EV / Sales 2017 0,34x
EV / Sales 2018 0,31x
Capitalization 1 087 574 M
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Average target price 2 151  JPY
Spread / Average Target 19%
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Masamichi Kogai President, CEO & Representative Director
Seita Kanai Chairman
Tetsuya Fujimoto Managing Executive Officer & Head-Finance
Yuji Harada Director & Head-Global Public Relations
Akira Marumoto Representative Director & Executive Vice President
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