Ford's CEO Jim Farley announced Thursday that the company's operations in China earned roughly $600 million last year, despite challenging market conditions. Farley stated that Ford is profitable in China, a feat not many automakers can claim. He highlighted the export of vehicles like the Lincoln Nautilus, which is exclusively manufactured in China for markets such as the U.S.
China has become increasingly difficult for automakers, particularly established Western companies like Ford and General Motors. While Ford doesn't release regional earnings, Farley has previously emphasized the company's evolving 'asset-light' strategy in China