Ford’s first-quarter China vehicle sales down 35 per cent as coronavirus hits demand [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
Ford’s first-quarter China vehicle sales down 35 per cent as coronavirus hits demand In China, Ford makes cars through Jiangling Motors Corp., in which it has a stake. Thomas Peter/Reuters In China, Ford makes cars through Jiangling Motors Corp., in which it has a stake. Ford Motor Co. said on Thursday that its China vehicle sales in the first three months this year fell 34.9 per cent from a year earlier to 88,770 units, as the novel coronavirus epidemic hit demand in the world’s biggest auto market. The Dearborn, Michigan-based company said, however, all its dealers in China had resumed work and its sales in March had returned to 75 per cent of the same period last year. In China, Ford makes cars through Jiangling Motors Corp Ltd (JMC), in which it has a stake, and a joint venture with Chongqing Changan Automobile Co Ltd. Ford has been trying to revive sales in China after its business began slumping in late 2017. Sales sank 26 per cent in 2019, after a 37 per cent drop in 2018. I
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