Ford drives up for new China auto ABS

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Ford drives up for new China auto ABS

Ford badge 230x
The reflection of a Ford Five Hundred is shown on the tail gate and badge of a F-150 truck at Bob Maxey Ford in Detroit, Tuesday, July 19, 2005. Ford Motor Co. said its profit fell 19 percent in the second quarter from a year ago, stung by lower production and intense competition in North America, where it lost more than $900 million. (AP Photo/Paul Sancya) | PAUL SANCYA/AP/Press Association Images

Ford Auto Finance (China) is poised to launch its first auto ABS transaction of the year with a Rmb2.98bn ($464m) deal scheduled to open books next week.

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