Ford’s third-quarter China gross sales rise 25% year-on-year to 164,352 automobiles
© Reuters. Frankfurt hosts the international Motor Show (IAA)
BEIJING (Reuters) – Ford Motor Co (N:) 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 localisation strategy.
The result represents Ford’s second consecutive quarterly sales increase in the world’s biggest auto market following almost three years of decline.
The Dearborn, Michigan-based firm makes vehicles in China through joint ventures with Chongqing Changan Automobile Co Ltd (SZ:) and Jiangling Motors Corp Ltd (SZ:).
On Monday, U.S. rival General Motors Co (N:) 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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