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Ford Motors, Inc. (NYSE: F) continues to stagger around, much like larger American rival General Motors Corp. (NYSE: GM). But when it comes to China, the automaker is ramping up big time. Ford has announced that it has opened its 200th dealership in the world's most populous country.Since the end of 2005, Ford has doubled the number of full service dealerships in China. Its network now spans the entire country.
The news about Ford in the U.S. is all about the plunge in SUV sales. But Ford, like GM, wants to become more integrated with other markets so a downturn in one market -- and one vehicle type -- doesn't affect the entire company.
The good news for the growing middle class in China is now they have some competition for all those Toyota and Honda subcompacts that are taking market share from many of Ford's passenger vehicles. And the good news for Ford is that it is actually growing -- at least in China.
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