Home Commodities

Ford to cease production of Tourneo minivan in Vietnam

May 13th at 13:16
13-05-2021 13:16:31+07:00

Ford to cease production of Tourneo minivan in Vietnam

U.S. automaker Ford will stop assembling its Tourneo minivan in Vietnam from June as demand for it plunges amid the Covid-19 pandemic.
Ford Tourneo. Photo courtesy of Ford.

Rising manufacturing costs and lower demand in the tourism transport segment are the main reasons for terminating production, a company spokesperson said.

A mere 44 units were sold in the first quarter even as competitor Kia sold 394 Sedona minivans.

In the first four months, Ford sold nearly 8,500 vehicles in Vietnam, up 85 percent year-on-year, to rank fifth behind Thaco, Toyota, Mitsubishi, and Honda.

Vietnam's auto sales between January and April surged 58 percent year-on-year to 101,309 units, signaling a recovery from last year's pandemic impacts.

Vnexpress

MOST READ

NEWS SAME CATEGORY

Petrol prices rise for 2nd time in a row
COMMODITIES May 13th at 08:15

Petrol prices rise for 2nd time in a row

Petrol prices have increased twice in row since April.

Auto sales signal recovery with 58 pct surge
COMMODITIES May 13th at 08:12

Auto sales signal recovery with 58 pct surge

Vietnam's auto sales in the first four months surged 58 percent year-on-year to 101,309 units, signaling a recovery from last year's pandemic impacts.

Vietnam April coffee exports down 22.1% m/m, rice up 45.1%
COMMODITIES May 13th at 08:12

Vietnam April coffee exports down 22.1% m/m, rice up 45.1%

Vietnam's coffee exports in April were down 22.1% from March at 132,111 metric tons, while rice exports in the same period rose 45.1% against the preceding month...

The advanced solution for sustainable growth
COMMODITIES May 12th at 14:00

The advanced solution for sustainable growth

In order to to introduce businesses the trend of using cold formed steel in construction, recently, NS BlueScope Vietnam organized a seminar themed "Cold formed...

Raw cashew nut imports rocket in first four months
COMMODITIES May 12th at 13:49

Raw cashew nut imports rocket in first four months

Viet Nam imported nearly 1.2 million tonnes of raw cashew nuts worth US$1.9 billion in the first four months of this year, increases of 300 per cent and 323.5 per...

Vietnam seeks to stabilize steel prices
COMMODITIES May 11th at 16:17

Vietnam seeks to stabilize steel prices

The government has asked steelmakers to implement several steps to control rising steel prices that are hurting construction contractors.

From humble start to world’s best rice
COMMODITIES May 11th at 14:16

From humble start to world’s best rice

The Vietnamese rice sector was shocked last month when companies from the US and Australia attempted to attain the trademark for ST25 rice. Ho Quang Cua, the...

Vietnam remains world’s second largest rice exporter in 2021: USDA
COMMODITIES May 11th at 14:15

Vietnam remains world’s second largest rice exporter in 2021: USDA

There has been a positive shift in Vietnam’s rice export structure towards a focus on fragrant rice products with higher quality and price, stated the country’s...

More than $1.1 billion spent on car imports in four months
COMMODITIES May 11th at 14:12

More than $1.1 billion spent on car imports in four months

More than US$1.1 billion was spent on importing 49,360 completely built-up (CBU) vehicles in the four months of 2021 in Viet Nam, a surge of 55.2 per cent in volume...

Vietnam to buy out IP rights for ST25 rice variety
COMMODITIES May 11th at 08:14

Vietnam to buy out IP rights for ST25 rice variety

ST24 and ST25 rice varieties are expected to become state assets, ensuring mass production in Vietnam.

Read More

Commodity prices

MOST READ

Back To Top