Ford Sees Incentives, Inventories Rising in Slowing China Market
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Ford Motor Co., playing catch up in China, said slower growth there is boosting incentives and inventories in the world’s largest vehicle market.
“We have seen some increase in incentives and inventories rise in the last six months as a result of the slowing of growth,” Joe Hinrichs, chief of Ford’s Asian operations, said in a presentation yesterday at the Deutsche Bank Global Industrials and Basic Materials Conference in Chicago. “It has gotten more competitive.”