Ford's China ventures increase May sales as market rebounds
Reuters
Published Jun 04, 2020 03:43
BEIJING (Reuters) - Ford Motor's (N:F) 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 U.S. automaker's Chongqing-based venture with Changan (SZ:000625) sold 23,491 vehicles in May, up 130% from a year earlier, it said on Thursday.
Jiangling Motors Corp (JMC) (SZ:000550), in which Ford owns a stake, said in a filing on Wednesday that it sold 29,008 vehicles last month, up 32% year on year.
Separately, Ford also said that sales of its luxury Lincoln brand in China reached 5,000 units last month, up 22%.
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Written By: Reuters
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