Ford reports Q3 China sales down 30.3% to 131,060 vehicles
Ford Motor Company and its joint ventures in China announced third quarter sales in China of 131,060 vehicles, a 30.3% decrease compared to the same period last year. China automotive industry sales slowed during the third quarter following an elevated second quarter sales period, primarily driven by China V Emission Standard stock clearance actions. Ford China third quarter sales reflect these market conditions, as well as actions taken to continue to build sales momentum moving forward. The National Distribution Services Division held a series of brand events nationally to promote the "extraordinary driving experience" of Ford. In addition, Ford China launched a series of new models in the third quarter that better meet the needs and preferences of Chinese customers, including the Focus Active, new Edge ST and ST-Line, new Taurus and Territory EV. These actions delivered sales growth through the quarter, providing a platform for ongoing recovery moving forwards. Ford China remains focused on its business transformation following the launch of the "Ford China 2.0" strategy. Ford Motor Company and Changan Automobile recently announced their commitment to strengthening their strategic cooperation and will strive to innovate the business models and increase cooperation efficiency.