“福特双雄”合并传言破碎，江铃福特否认“改嫁”

Core Insights - Ford's two joint ventures in China, Jiangling Ford and Changan Ford, are rumored to be merging, but specific details are not finalized. Jiangling Ford has denied these rumors, stating there are no plans for asset restructuring [1][5] - Changan Ford's projected sales for 2024 are 247,000 units, but there has been a 16.43% year-on-year decline in sales for the first five months of 2025 [2] - Jiangling Ford's passenger vehicle sales have declined for three consecutive years, with only 35,000 units expected in 2024. Despite achieving profitability in 2024, Ford China’s president acknowledged the need for ongoing business structure optimization to address challenges in electric vehicle transition and market share decline [3] Company Performance - Ford's sales in China peaked in 2016 but have been declining since, with sales dropping from 1.19 million units in 2017 to 467,000 units in 2023. The decline is attributed to a lack of new product updates following the 2011 "1515 plan" [1] - Changan Ford's sales figures for 2024 are projected at 247,000 units, reflecting a significant drop in the first part of 2025 [2] - Jiangling Ford's sales are projected to be only 35,000 units in 2024, indicating a continuous downward trend [3] Strategic Adjustments - Ford's global CEO has proposed a strategic adjustment for the Chinese market, focusing on commercial vehicles, electric vehicles, and export business while reducing investments in non-core areas [3] - Jiangling Ford is working with partners and dealers to enhance sales service networks and improve operational efficiency to better compete in the market [5]