American auto firm Ford Motor Co reported sales growth in its two China ventures in April. The sales cap signals the incipient recovery of the world s largest car market after suffering from pandemic-driven lows.
Chongqing Changan Automobile Co Ltd, Ford s major joint venture in China, marked a 38.3% sales increase from the same period in 2019, selling 20, 465 vehicles in April.
Ford s minor venture, owning shares in Jiangling Motors Corp Ltd, was also successful as the Chinese firm reported a 7.8% sales growth after selling 28,028 vehicles in April. Aside from its locally branded vehicles, JMC also sells Ford sport-utility vehicles.
The growth caps clearly signals Ford s recovery as the two China ventures reported a 34.9% decline in its January-March sales.
Meanwhile, Ford s rival, General Motors also reported successful China ventures as its partner firms tallied double-digit growth in April.
https://maxitrade.com/en/ford-projects-in-china-cap-sales-growth-in-april-as-market-recovers
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