Ford’s China ventures increase May sales as market recovers

Ford Motor’s China ventures have reported year-on-year sales increase for May in an indication of how the world’s biggest auto market has continued to recover from coronavirus crisis.

The U.S. automaker’s Chongqing-based venture with Changan sold 23,491 vehicles in May, increasing 130% from a year ago, it said on Thursday.

Jiangling Motors Corp (JMC), in which Ford owns a stake, stated in a filing on Wednesday that it sold 29,008 vehicles last month, increasing 32% year on year.

Separately, Ford also stated that sales of its luxury Lincoln brand in China reached 5,000 units last month, increasing 22%.