Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Ford Motor Company    F

Delayed Quote. Delayed  - 07/29 10:01:08 pm
12.66 USD   -0.39%
07/29DJFORD MOTOR : Financials Flat After European Bank Earnings - Financia..
07/29 JULY U.S. AUTO : forecasters
07/29DJAutoNation Hits Record EPS, But Counsels Caution
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Ford Motor Company : Ford China Sales Up 56%, Sets Record for Third Consecutive Month

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/06/2012 | 11:12am EDT
  • Ford China November wholesales reach 67,505 vehicles, up 56%; year-to-date sales up 18
  • CAF passenger car wholesales reach 50,423 in November, up 71%
  • JMC November commercial vehicle wholesales reach 15,903 vehicles, up 16%

SHANGHAI, China, December 6, 2012 - Ford China broke sales records for a third consecutive month in November. Led by strong sales of the Ford Focus-the best-selling passenger car in China from August through October-Ford sold 67,505 wholesale vehicles last month, a 56 percent increase compared to November 2011. With a record November, Ford China's year-to-date sales are now up 18 percent.

"We're grateful that so many Chinese consumers appreciate the value, performance and technology of the Focus, making it the best-selling passenger car in the world's largest auto market," said John Lawler, chairman and CEO of Ford Motor China. "Our plan to introduce 15 new vehicles by 2015 is on track, and with the launch of the Ford Kuga and EcoSport SUVs, we're going to make more inroads into China's fastest-growing segment as we work to double our production and retail capacity by 2015."

Ford passenger car sales-which include the imported Ford Edge-continue to grow, up 74 percent in November with 51,602 wholesale cars sold.

Focus sales continue to break records, with 38,362 wholesale units sold in November and 259,492 wholesale units sold year to date. The Ford Edge and Mondeo are both likewise performing well. Edge sales are up 111 percent year to date while Mondeo is up eight percent for the year.

With strong sales across its portfolio, Ford's passenger car joint venture in China, Changan Ford Automobile Ltd. (CAF) also had a record month. CAF sold 50,423 wholesale cars in November, up 71 percent compared to November 2011 and up 27 percent for the year.

Jiangling Motors Corporation (JMC), Ford's commercial vehicle investment in China likewise turned in strong sales, growing 16 percent in November, with 15,903 wholesale vehicles sold in November compared to 13,721 sold the same time last year. JMC is up two percent for the year.

Last week Ford jointly announced with Changan Automobile Co., Ltd. (Changan) and Mazda Motor Corporation (Mazda) that they have obtained final approval from the Chinese government on the restructuring plan for their joint-venture in China, Changan Ford Mazda Automobile Co., Ltd. (CFMA). Effective November 30, 2012, CFMA was restructured into two separate joint ventures: Changan Ford Automobile, a 50:50 JV between Changan and Ford; and Changan Mazda Automobile, a 50:50 JV between Changan and Mazda. 

# # #

Editor's note: All sales figures quoted are based on wholesale numbers.

About Ford Motor Company

Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles across six continents. With about 172,000 employees and 65 plants worldwide, the company's automotive brands include Ford and Lincoln. The company provides financial services through Ford Motor Credit Company.

Ford's wholly owned subsidiaries, joint ventures and investment in China include Ford Motor (China) Limited, Ford Motor Research & Engineering (Nanjing) Co., Ltd., Ford Automotive Finance (China) Ltd., Changan Ford Automobile Co., Ltd., Changan Ford Mazda Engine Co., Ltd. and Jiangling Motors Co., Ltd.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FORD MOTOR COMPANY
07/29DJFORD MOTOR : Financials Flat After European Bank Earnings - Financials Roundup
07/29 JULY U.S. AUTO SALES UP 2.4 PERCENT, : forecasters
07/29DJAutoNation Hits Record EPS, But Counsels Caution
07/29 NOTHING MINI ABOUT THIS VAN : Ford Transit Attracts Large Families, Outsells Min..
07/29DJFORD MOTOR : Profit Declines 9%, Says Industry Risks Grow -- WSJ
07/28 Ford calls an end to U.S. auto boom, rivals bet other way
07/28 FORD MOTOR : Announcement Regarding Alghanim Auto
07/28 Ford and Whole Foods skid, Alere and Facebook jump
07/28 FORD MOTOR : surprises with lower 2Q profit on trouble in US, China
07/28 Brexit shockwaves hit British jobs, banks, automobiles
More news
Sector news : Auto & Truck Manufacturers - NEC
07/29 TESLA MOTORS : mulling two theories to explain 'Autopilot' crash - source
07/29 FIAT CHRYSLER AUTOMOBILES NV : U.S. extends oversight of Fiat Chrysler safety pr..
07/29 FIAT CHRYSLER AUTOMOBILES NV : U.S. extends oversight of Fiat Chrysler safety pr..
07/29 JULY U.S. AUTO SALES UP 2.4 PERCENT, : forecasters
07/29DJAutoNation Hits Record EPS, But Counsels Caution
More sector news : Auto & Truck Manufacturers - NEC
News from SeekingAlpha
02:58a Don't Expect Things To Get Better For Ford
07/29 HDLV : Verizon's Gone... What's Going On?
07/29 BEST NEAR-TERM PRICE GAINS AHEAD FOR : Seeking Alpha 50 Top Interest Stocks
07/29 FORD CREDIT : Q2 Wasn't All That Bad
07/29 AUTONATION : Do Automobile Sales And Margins Really Matter?
Advertisement
Financials ($)
Sales 2016 143 478 M
EBIT 2016 6 941 M
Net income 2016 7 688 M
Finance 2016 3 807 M
Yield 2016 6,89%
P/E ratio 2016 6,34
P/E ratio 2017 6,77
EV / Sales 2016 0,32x
EV / Sales 2017 0,31x
Capitalization 50 301 M
More Financials
Chart FORD MOTOR COMPANY
Duration : Period :
Ford Motor Company Technical Analysis Chart | F | US3453708600 | 4-Traders
Full-screen chart
Technical analysis trends FORD MOTOR COMPANY
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 13,7 $
Spread / Average Target 8,0%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Mark Fields President, Chief Executive Officer & Director
William Clay Ford Executive Chairman
Robert L. Shanks Chief Financial Officer & Executive Vice President
Raj Nair Chief Technical Officer
Marcy Klevorn Chief Information Officer & Vice President
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
FORD MOTOR COMPANY-10.15%50 301
TOYOTA MOTOR CORP-20.35%192 708
VOLKSWAGEN AG-6.73%72 732
DAIMLER AG-22.26%72 713
BAYERISCHE MOTOREN WER..-21.08%55 803
HONDA MOTOR CO LTD-25.62%50 417
More Results