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Ford Motor Co on Friday said its China sales rose 25% over July to September from the same period a year earlier to 164,352 vehicles, attributing the increase to product launches and a localization strategy.
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| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| F | FORD MOTOR COMPANY | 7.62 | +0.05 | +0.66% |
The result represents Ford’s second consecutive quarterly sales increase in the world’s biggest auto market following almost three years of decline.
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The Dearborn, Michigan-based firm makes vehicles in China through joint ventures with Chongqing Changan Automobile Co Ltd and Jiangling Motors Corp Ltd.
On Monday, U.S. rival General Motors Co said its China sales grew 12% in July-September to 771,400 vehicles.
Overall vehicle sales in China grew 13% in September, 12% in August and 16% in July.
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(Reporting by Yilei Sun and Brenda Goh; Editing by Muralikumar Anantharaman and Christopher Cushing)
