Ford to cease production of Tourneo minivan in Vietnam

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.