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Ford Motor's China sales up 28% in Feb

Mar. 7, 2012 (China Knowledge) - Ford Motor Co, the second-largest car company in the U.S., has said that it sold 40,978 cars in China in February this year, 28% more than that during the corresponding period of 2011.

The robust growth in auto sales last month was due to strong demand for Ford's Mondeo cars and Transit commercial vehicles.
Changan Ford Mazda Automobile Co, Ford Motor's passenger vehicle joint venture in China, sold 21,092 Ford-branded vehicles last month, reflecting an increase of 11% year on year. The sales of Mondeo cars surged 151% year on year to 4,063 units last month.
Jiangling Motors Co<000550><200550>, Ford Motor's commercial vehicle JV, saw its auto sales volume jump 48% year on year to 18,642 units in February, of which 5,280 were Transit vehicles, up 55% year on year.

The company said that its Chongqing-based assembly plant jointly constructed with Changan Ford Mazda officially started operation in February. The U.S. automaker plans to put three more new plants into operation by 2013.

In the first two months of this year, the company's China sales fell more than 15% year on year to 71,954 units.

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