U.S. Markets open in 5 hrs 18 mins

News Summary: Late to China, Ford aims to catch up

The Associated Press

FORD IN CHINA: After years on the sidelines, Ford is trying to catch up in China. It's launching six new vehicles there this year and spending $5 billion to build five new plants.

CHINESE GROWTH: No automaker can afford to ignore China, where 19 million cars and trucks were sold last year. Analysts predict Chinese car sales will reach 30 million by 2020, or almost double the U.S. forecast of 17 million.

TOP SELLERS: Ford's top seller in China is the Focus small car. It sold 185,697 in the first half of 2013, up 69 percent from a year ago.