Bei Jing Shang Bao·2025-06-19 08:28Core Viewpoint - Jiangling Motors denies rumors of merging Jiangling Ford with Changan Ford, stating no asset restructuring plans are in place [2] Group 1: Company Operations - Jiangling Motors has been collaborating with Ford since 1995, initially producing light passenger vehicles, and has since transitioned to passenger vehicles with the introduction of SUVs and MPVs [2] - Jiangling Ford focuses on the SUV and pickup market, while Changan Ford targets traditional passenger vehicles, creating a complementary product offering for Ford in China [3] Group 2: Market Performance - Ford's sales in China have significantly declined from nearly 1.27 million units in 2016 to 467,000 units in 2023, a drop of 63% [3] - Despite Jiangling Ford's denial of a merger, Ford is undergoing major adjustments in China, including focusing on core businesses and accelerating electrification [3][4] - In 2022, Jiangling Ford's passenger vehicle sales were 48,000 units, projected to decline to 39,000 units in 2023 and 35,000 units in 2024 [5] Group 3: Financial Performance - Ford reported a profit of approximately $600 million (around 4.3 billion RMB) in China last year, marking its first profit in seven years [4] - Changan Ford's sales increased by 5.97% year-on-year last year, but faced a 16.43% decline in the first five months of this year [5]