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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 2016 142 470 M
EBIT 2016 6 464 M
Net income 2016 7 030 M
Finance 2016 5 020 M
Yield 2016 6,27%
P/E ratio 2016 7,47
P/E ratio 2017 7,92
EV / Sales 2016 0,33x
EV / Sales 2017 0,33x
Capitalization 51 897 M
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Mean consensus HOLD
Number of Analysts 25
Average target price 12,6 $
Spread / Average Target -3,5%
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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 & Vice President
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