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.
FILE PHOTO - The Chinese national flag flies on the roof of a Ford car dealership in Beijing, China October 11, 2018. REUTERS/Thomas Peter
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 U.S. automaker’s Chongqing-based venture with Changan sold 23,491 vehicles in May, up 130% 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% 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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Report: China Delayed Releasing Vital Coronavirus Information, Despite Frustration From WHOI am a breaking news reporter for Forbes in London, covering Europe and the U.S. Previously I was a news reporter for HuffPost UK, the Press Association and a night reporter at the Guardian. I studied Social Anthropology at the London School of Economics, where I was a writer and editor for one of the university’s global affairs magazines, the London Globalist. That led me to Goldsmiths, University of London, where I completed my M.A. in Journalism. Got a story? Get in touch at isabel.togohforbes.com, or follow me on Twitter bissieness. I look forward to hearing from you.
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