Speaking on Saturday in advance of the Beijing Motor Show, Ford CEO Mark Fields indicated that his company has no interest in merging with Fiat Chrysler Automobiles. Fields echoed a statement issued by Ford in which he said “I can just say we have no interest other than executing our plan, delivering product excellence and driving innovation in every part of our business.”
FCA chief executive Sergio Marchionne told reporters last week that Ford, Toyota and Volkswagen are the remaining potential candidates for a tie-up. Marchionne has promoted industry consolidation as a way to reduce development costs.
Addressing Ford’s positioning in the Chinese automotive market, Fields said that Ford predicted overall sales of 23.5 to 25.5 million vehicles in 2016. In the first quarter, Ford surpassed Toyota and Nissan with passenger car sales of 314,454 units.
Ford manufactures vehicles in China through joint ventures with Chongqing Changan Automobile and Jiangling Motors Corp.