Ford says China sales up 47% Q1

Automotive

Ford Motor Co said it had posted a 47% gain in Q1 sales through affiliates in China, with 90,791 vehicles sold.

Ford said its passenger car joint-venture, Changan Ford Mazda Automobile, had increased quarterly sales by 58% to 61,789 units compared with the same period a year earlier.

Jiangling Motor Corp, the joint-venture handling Ford's commercial vehicles like the Ford Transit van, posted sales of 23,785 vehicles, Ford said in a statement.

Ford included sales of imported Land Rover and Jaguar models in its Q1 sales results for China. Ford has sold those brands to Tata Motors Ltd in a $2.3 billion deal that closed last month. (Reuters)

ADVERTISEMENT

Climate change hurts economy, but creates new business oppor... Analysis

Climate change hurts economy, but creates new business oppor...

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Dentons rehires banking and finance partner Appointments

Dentons rehires banking and finance partner

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.