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Ford's China ventures increase May sales as market rebounds

Published 06/04/2020, 03:44 AM
Updated 06/04/2020, 03:45 AM
© Reuters. Chinese national flag flies on the roof of a Ford car dealership in Beijing

BEIJING (Reuters) - Ford Motor's (N:F) China ventures have reported year-on-year sales growth for May in a sign of how the world's biggest auto market is continuing its recovery from coronavirus-induced lows.

The U.S. automaker's Chongqing-based venture with Changan (SZ:000625) sold 23,491 vehicles in May, up 130% from a year earlier, it said on Thursday.

Jiangling Motors Corp (JMC) (SZ:000550), in which Ford owns a stake, said in a filing on Wednesday that it sold 29,008 vehicles last month, up 32% year on year.

© Reuters. Chinese national flag flies on the roof of a Ford car dealership in Beijing

Separately, Ford also said that sales of its luxury Lincoln brand in China reached 5,000 units last month, up 22%.

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