Autos

Ford Q2 China sales were worst since Covid pandemic began

0


Visitors walk past a Ford Escape Titanium at the Shanghai Auto Show in Shanghai on April 17, 2019.

Greg Baker| AFP | Getty Images

DETROIT — Ford Motor joined its crosstown rival General Motors in reporting its worst quarterly sales in China since the onset of the coronavirus pandemic, amid a resurgence of Covid cases in the country and ongoing global supply chain problems.

Ford said it sold 120,000 vehicles during the second quarter, a roughly 22% decline from a year earlier and its worst sales in Greater China since the fewer than 89,000 units it sold during the first quarter of 2020, when government-imposed Covid restrictions brought the country’s production to a standstill.

In a



Source cnbc.com

0 0 votes
Article Rating

Gas giant Uniper submits bailout application to German government as Russia squeezes supplies

Previous article

Levi Strauss hikes dividend as Q2 earnings exceed expectations

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Autos