Ford Motor Co. said its vehicle sales in China totaled 519,390 units in 2011, an increase of 7%, as growth of commercial vehicle sales outpaced that of passenger vehicles. Sales in China by Ford and its joint ventures rose 10% in December to 49,238 vehicles, the company said in a statement.
Ford said its Changan Ford Mazda Automobile Co. passenger-vehicle venture sold 320,658 Ford-branded vehicles in 2011, up 5%. The venture sold 30,788 Ford vehicles in December, up 4% from a year earlier.
Jiangling Motors Co, Ford Motor commercial vehicle JV in China, saw its sales volume go up to 194,600 units in 2011, up by 9% compared with 2010.
Mr David Schoch, Chairman and CEO of Ford Motor China, said that the company plans to introduce 15 new models to the Chinese market by 2015 to further expand its presence in the world largest auto market.
Via: MarketWatch.com.
