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Ford CEO brushes off China slowdown fears

Ford CEO Alan Mulally said on Tuesday he was not overly concerned about a slowdown in growth in China, stressing it is still a "tremendous" market for the group.

Data showing China's economic growth slowed between April and June period, the second straight quarter of weaker expansion, have prompted fears of a prolonged slowdown. But Mulally brushed off those concerns.

(Read more: Your next car color? Look at your iPhone)

"China is the largest automobile market in the world and we're the fastest growing brand in China. Our best estimate right now is that [China] will continue to expand within that 6-8 percent (GDP) growth range."

In the second quarter of 2013, Ford reported a pre-tax profit of $2.6 billion. The company reported that Asia Pacific Africa delivered its best-ever quarterly profit while Europe incurred a loss but improved compared with a year ago and first quarter.

(Read more: Ford hits the fast lane: Shares could race up 30%)

Mulally said the company was also committed to the European economy, despite a general slump in car sales in the region.

"The Ford strategy in Europe is exactly the strategy around the world: to match our production to the real demand and the change in model mix - particularly to smaller more fuel-efficient vehicles," he said.

(Read more: Auto job boom rolls on as Ford expands, again)

"In Europe, we've seen a stabilizing of the economy and of the auto sales...Europe is a tremendous market for us...so we're going to continue to serve the European customers."

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