Ford and its joint ventures in China increased sales by 15% in July, giving the company a bit of good news after a spate of disappointing financial and sales reports from other parts of the globe, including key market in North America.
Year-to-date sales for Ford, Changan Ford and Jiangling Motor Corp. total 652,836 vehicles, up 6% compared with the same time last year.
July sales for CAF, Ford’s passenger car joint venture, increased 20% compared to July 2015. Year-to-date sales for CAF accelerated past the half million mark with 503,719 vehicles sold, up 11% compared with last year. (more…)