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Ford Motor Company : Ford China Sales up 18% at 52,440 Vehicles in June

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07/09/2012 | 10:04am CET

BEIJING--Ford Motor Co. (F) said Monday its sales in China totaled 52,440 vehicles in June, an 18% rise from a year earlier, due to strong sales of its new Focus model.

The U.S. auto maker sold 277,322 vehicles in China in the first half, up 1% from a year earlier, the company said in a statement.

Changan Ford Mazda Automotive Ltd., Ford's passenger vehicle joint venture in China, sold a record 37,038 Ford-brand passenger vehicles in June, of which 15,000 were the new Focus model. The monthly tally marks a 28% rise from a year earlier and is the third straight monthly record.

Sales at Jiangling Motors Corp., the company's commercial-vehicle joint venture in China, fell 1% to 15,093 vehicles, the statement said.

Write to Yajun Zhang at yajun.zhang@dowjones.com

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Financials ($)
Sales 2017 142 238 M
EBIT 2017 6 374 M
Net income 2017 6 488 M
Finance 2017 10 860 M
Yield 2017 5,88%
P/E ratio 2017 7,71
P/E ratio 2018 7,27
EV / Sales 2017 0,27x
EV / Sales 2018 0,34x
Capitalization 49 917 M
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Mean consensus HOLD
Number of Analysts 25
Average target price 13,3 $
Spread / Average Target 5,7%
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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 & Group Vice President
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