Ford, BMW Report Strong Sales in China in August

Before you go, we thought you'd like these...
Before you go close icon

Ford Motor Co. (NYSE: F) said today that strong demand for the Ford Focus helped drive sales in China in August higher. Ford and its joint ventures in China sold 48,631 vehicles in the People's Republic in August, which was up 39% from a year ago.

In a separate report, BMW said that its sales in China in August rose by more than 37% year-over-year to 25,377 vehicles. That was a new monthly sales record for the world's bestselling luxury-car maker.

In the January-August period, Chinese sales by Ford and its partners rose 8% to 368,513 units. BMW's sales in China were up 31% on the year in the first eight months to 207,425 cars.

Ford also said that it will continue aggressive expansion in China. By 2015, it plans to introduce 15 new vehicles in the country and it plans to double its production capacity to 1.2 million vehicles.

Toyota Motor Corp. (NYSE: TM) said today it aims to sell up to 1.8 million cars annually in China by 2015, compared to 900,000 cars it sold in the world's biggest auto market last year. The Japanese car maker posted its second-consecutive monthly fall in China sales in August.


Filed under: 24/7 Wall St. Wire, Autos, China Tagged: F, TM
Read Full Story

Markets

S&P 500 2,361.13 2.56 0.11%
DJIA 20,659.32 -42.18 -0.20%
NASDAQ 5,897.55 22.41 0.38%
DAX 12,203.00 53.58 0.44%
NIKKEI 225 19,182.52 -34.96 -0.18%
HANG SENG 24,392.05 0.00 0.00%
USD (per EUR) 1.08 0.00 -0.01%
USD (per CHF) 1.00 0.00 0.02%
JPY (per USD) 111.38 0.23 0.21%
GBP (per USD) 1.24 0.00 0.05%

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners

19 of the Creepiest, Most Inexplicable Things People Ever Experienced 19 of the Creepiest, Most Inexplicable Things People Ever Experienced
This Elephant Was Separated From Her Mother As A Baby - But She's About To Get A Huge This Elephant Was Separated From Her Mother As A Baby - But She's About To Get A Huge
Man Built This Contraption In His Backyard - And Even He Was Surprised How Well It Worked Man Built This Contraption In His Backyard - And Even He Was Surprised How Well It Worked