Articles Tagged with "ford"

Ford Motor and its China venture partners, Mazda Motor Corp and Chongqing Changan Automobile Co, have received government approval to end their three-way agreement, the 21st Century Business Herald newspaper said on Wednesday.

Even as industry-wide auto vehicle production remains in a bad slump—running at 12 million units annually, down from a peak of 17 million earlier this decade—Ford is reaping the benefits of a turnaround plan from Chief Executive Alan Mulally. He has moved faster than most observers expected to boost quality and simplify the product lineup, and investors could reap the rewards for years to come.