Ford Motor Co. said Friday that its sales in China rose 25 percent in July to September from the same period a year earlier to 164,352 vehicles, giving rise to an increase in product launches and a localization strategy.
|F||FORD MOTOR COMPANY||7.62||+0.05||+ 0.66%|
The result is the second consecutive increase in Ford̵
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The Dearborn, Michigan-based company manufactures vehicles in China through joint ventures with Chongqing Changan Automobile Co Ltd and Jiangling Motors Corp Ltd.
On Monday, US competitor General Motors Co said its sales in China rose 12% in July-September to 771,400 vehicles.
Total car sales in China rose 13% in September, 12% in August and 16% in July.
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(Report by Yilei Sun and Brenda Goh; Edited by Muralikumar Anantharaman and Christopher Cushing)