Ford posts record Q3 China vehicle sales

Ford Motor Co. said its China vehicle sales in the third quarter jumped 79

RELATED ARTICLES

percent from a year earlier as Beijing's stimulus policies bolstered auto demand.

Ford, which broke ground for its $490 million third China plant in September, sold a record of 119,338 vehicles in the country in the three-month period, it said in a statement late on Tuesday. Sales came to 316,639 units in the first nine months, up 32 percent from a year earlier.

Changan Ford Mazda, a tie-up with Chongqing Changan Auto Co and Mazda Motor, sold 227,839 cars in the first nine months, up 43 percent from a year earlier. Sales of its all new Fiesta compact car came to 32,178 units since its launch in March, while September sales of its mid-range Focus sedan surged 72 percent to an all-time monthly record of 13,891, it said.

Jiangling Motors Corp Ltd, a commercial vehicle maker partly owned by Ford, sold a record of 82,718 vehicles in the first three quarters, including 23,520 Ford Transit models, it said, without providing comparative figures.

China's auto market, the biggest in the world, is a major bright spot this year helped by government incentive policies. Volkswagen sold 1.06 million vehicles in China and Hong Kong from January to September, up 37 percent from a year earlier. GM's China sales rose 55.6 percent to 1.29 million during the period.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

FC NEWSLETTER

Stay informed on our latest news!

EDITORIAL OF THE DAY

  • Government must exercise hard options to recover cash hoard

    The white paper on black money comes at an appropriate time, although the issue is old.

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Roopen Roy

Making money come rain or shine

In the games of cricket and musical chairs, timing makes ...

Rajgopal Nidamboor

The right and left of creative poise

There is a fascinating dictum that exemplifies an intriguing simile ...

Jhupu Adhikari

From London to India: Journey of Kalighat paintings

This week’s column focuses on the magnificent exhibition of Kalighat ...