Ford’s efforts at improving it’s sales in China may be hampered by a hi-level departure.
The head of Ford operations in China has resigned after 5 months on the job.
Jason Luo quit as chairman and CEO of Ford China. Ford says Luo stepped down for personal reasons that predate his time at Ford. The company says the decision was not made because of business strategy or performance of Ford in China.
Ford sales in China declined by 6 percent last year as demand for new vehicles increased, and General Motors posted sales gains.