11.3 Ford China Oct sales up 80% to 20,027 units

Ford China Oct sales up 80% to 20,027 units

http://autonews.gasgoo.com/auto-news/1012794/Ford-China-Oct-sales-up-80-to-2
0-027-units.html

Shanghai, November 3 (Gasgoo.com) Ford Motor said today that sales by its
passenger car joint venture with China's Chongqing Changan Automobile rose
80% in October from a year earlier to 20,027 units, Dow Jones reported.

 

In the January-October period, passenger car sales of the joint venture,
Changan Ford Mazda Automobile, rose 40% year on year to 188,244 units, the
U.S. auto maker also said in a statement. Ford Mondeo and Ford S-MAX
contributed to the robust growth.

 

 

 

Ford Motor sold 119,338 vehicles in China in the third quarter (ended Sept.
30), up 79% from a year earlier. Through the first three quarters of the
year, its China sales rose 32% to 316,639 units. 

 

In late September, Changan Ford Mazda broke ground at a $490 million new
plant in Chongqing, which will increase the passenger car venture's annual
capacity to 600,000 units by 2012.

 

"We are confident that the demand from Chinese consumers...will carry strong
sales momentum through to the end of the year," said Nigel Harris, general
manager of the venture. 

 

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