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Ford China Sales Decline 3% to 79,608 Units in August
By Zacks.com, September 10, 2015, 12:30:00 PM EDT AAA
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Ford Motor Co.'s share price inched up 0.81% on Sep 8, driven by the positive impact of the overall market movement, even as the automaker reported a 3% year-over-year decrease in China sales to 79,608 vehicles in Aug 2015. Sales of Ford in the world's largest automobile market surpassed 700,000 units in the first eight months of 2015. However, the figure dipped 1% from the same period of 2014.

Meanwhile, Ford's passenger car joint venture, Changan Ford Automobile ("CAF") recorded a 1% year-over-year decline in vehicle sales to 59,651 units in Aug 2015. Sales of CAF were 512,377 units in the first eight months of 2015, nearly in line with the corresponding period last year.

Further, Ford's commercial vehicle investment in China, Jiangling Motors Corporation ("JMC"), sold 17,731 vehicles in Aug 2015. Sales declined 9% from the figure recorded in Aug 2014. However, JMC's sales remained stable year over year, at 168,494 vehicles, in the first eight months of 2015.

Ford and JMC completed 20 years of their partnership in August. Also last month, Ford started the production of the new Ford Everest at the JMC Xiaolan Plant in Nanchang, China. Notably, Ford Everest is the first SUV that the automaker launched in collaboration with JMC.

Read more: http://www.nasdaq.com/article/fords-f-china-sales-decline-3-to-79608-units-in-august-cm518791#ixzz3lUfsfmiO
 
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