Home  Contact Us
  Follow Us On:
 
Search:
Advertising Advertising Free Newsletter Free E-Newsletter
NEWS

Ford saw record China sales in 2009
Published on: 2010-01-08
Share to
User Rating: / 0
PoorBest 

alt

SHANGHAI — US auto giant Ford Motor Company and its Chinese partners said Thursday that sales rose a record 44 percent year-on-year in 2009, with more than 440,000 vehicles sold.


Ford's passenger car joint-venture in China, Changan Ford Mazda Automobile, sold 315,791 units last year, an increase of 55 percent over the previous year, the company said in a statement.


The joint venture's sales were boosted by tax cuts on small engine vehicles that strengthened demand for the Focus compact car and the Fiesta subcompact, the US auto maker said.


Sales at Ford's commercial vehicle joint venture, Jiangling Motors Corp, totalled 114,688 units, it said in a statement, rising 21 percent from 2008.


Ford is increasingly looking to China for growth after a major restructuring and is also currently in talks with Chinese carmaker Geely over the sale of its Swedish brand Volvo.


China overtook the United States a year ago to become the largest car market in the world, boosted by Beijing's efforts to stimulate domestic consumption.


The country's auto sales for the first 11 months of the year reached 12.23 million units, according to the China Association of Automobile Manufacturers.


Market leader and fellow US carmaker, General Motors, announced this week it sold a record 1.83 million vehicles in China last year, and expressed optimism for even better results in 2010.


GM's results marked a 66.9 percent sales jump year-on-year.

Comments (0)Add Comment

Write comment

security code
Write the displayed characters


busy
    Subscription    |     Advertising    |     Contact Us    |
Address: Magnetic Plaza, Building A4, 6th Floor, Binshui Xi Dao.
Nankai District. 300381 TIANJIN. PR CHINA
Tel: +86 22 23917700
E-mail: webmaster@businesstianjin.com
Copyright 2022 BusinessTianjin.com. All rights reserved.