Ford to export more cars, components

Ford Motor Company said on Thursday that it would export cars and components worth $10 billion to China over the next three years, a day after the US carmaker inked a deal to produce electric cars in the world's largest car market.

The announcement was made in the presence of Chinese President Xi Jinping and visiting US President Donald Trump in Beijing.

The cars and components, the majority of which will be made in the US and some in Canada, will include Ford's performance cars such as the Mustang and models from its premium brand Lincoln.