Ford gains ground on China rivals

Ford Motor (F.NYSE) is gaining ground on its rivals in China, thanks to an astute decision to sell more sport-utility vehicles in the country, The Wall Street Journal reported. The American carmaker’s sales of SUVs have largely driven Ford’s push towards becoming a big player in China’s auto market. Ford’s sales surged more than 50% last year. The company said it decided to field more SUVs after watching other markets, where consumers graduated to SUVs from sedans. Ford plans to invest US$11 billion in China by 2016 to boost capacity to roughly 5 million vehicles a year.