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Ford Sales in China - Q1

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Ford Motor Co. (F) said sales of imported and locally produced Ford brand vehicles in China more than doubled to 33,511 units in the first quarter, on increased production capacity and strong sales of new products.

The company didn't give sales figures for the year-earlier period, but it said the sales were up 121% on the year, far exceeding the local auto industry's average on-year growth of around 54% for the same period, Ford said in a statement issued during the May Day holiday.

The U.S. automaker said earlier it was aiming for a "significant" sales growth in China this year, but didn't give a specific target. The company's Ford brand auto sales rose 46% to 82,225 units last year, above the local industry growth of around 14%.

Ford said the first-quarter result in China was largely boosted by the sales of the new, locally produced Ford Focus, a model that the company started to produce in September at Changan Ford Motor's Chongqing plant in China's southwest. The company didn't give specific sales figures for the new model.

http://online.wsj.com/article/BT-CO-200605...mod=aut-mre-aup

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