Ford Motor Company (NYSE:F)’s vehicle sales in China
rose 39 percent in August, its best ever showing in the country.
In 2009, Ford Motor Co had set in motion a strategy to
boost its sales in Asia, especially China, where it saw a hug opportunity for
its products. China is the world's largest car market after the United States
and continues to grow at a scorching pace.
Ford said on Thursday it sold 48,631 vehicles in the
country in the month of August, the bulk of the sales being accounted for
models such as the Ford Focus, Mondego and the Edge.
Changan Ford Mazda Automobile, the U.S. automaker's
Chinese joint venture partner for passenger cars, sold 33,017 cars while its
commercial venture partner Jiangling Motors Corp sold 14,991 units.
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The previous day, Ford's compatriot General Motors had
said that it sold a record 220,966 vehicles during the month a rise of 7.3
percent from the year-ago month.
General Motors Company(NYSE:GM) ‘s joint venture
partners in China notched up sales that were higher by 11.2 percent from last
year. For the entire year so far the company has sold 1.84 million vehicles,
which it said was a record.
Shares in Ford bounced back 3.61% to $9.91 on
Thursday, while those of General Motors were up 3.17 percent at $22.45.
US auto sales have jumped 20
percent in August to their best performance in three years even as higher gas
prices drove a shift towards smaller and more fuel efficient vehicles, industry
data showed on Tuesday.
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