Ford's China ventures increase May sales as market rebounds

BEIJING: Ford Motor's China ventures have reported year-on-year sales growth for May in a sign of how the world's biggest auto market is continuing its recovery from coronavirus-induced lows.

The US automaker's Chongqing-based venture with Changan sold 23,491 vehicles in May, up 130 per cent from a year earlier, it said on Thursday.Jiangling Motors Corp , in which Ford owns a stake, said in a filing on Wednesday that it sold 29,008 vehicles last month, up 32 per cent year on year. Separately, Ford also said that sales of its luxury Lincoln brand in China reached 5,000 units last month, up 22 per cent.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GM, Ford join US companies condemning George Floyd death, racismGeneral Motors Co and Ford Motor Co condemned racial inequality in the United States following the death of George Floyd, an unarmed black man, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Singaporeans can travel to parts of China soon for essential business, official tripsSingaporeans will be able to travel to certain parts of China for essential business or official trips soon. So 2nd and 3rd wave plus circuit breaker to be readied. Singapore
Source: YahooSG - 🏆 3. / 71 Read more »