Reuters reported that Ford Motor will sign an initial agreement to explore the possibility of exporting vehicles to China, part of a multi billion dollar commercial pact to be sealed during Chinese President Mr Hu Jintao's visit to the United States.

The Detroit automaker said in a statement that "Ford Motor Company is evaluating opportunities to import vehicles to China from the US subject to our business plan and to Chinese regulatory approvals governing vehicle imports."

Ford a relative latecomer to China has been accelerating its expansion in the world largest auto market where General Motors among others are competing fiercely for a larger share.

It is building a new car plant with its partners Chongqing Changan Automobile Co and Mazda and at the same time, adding a USD 300 million new facility jointly with partly owned Jiangling Motor.

(Sourced from Reuters)