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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Ford says China sales up 14 percent in first half By JOE McDONALD,AP Business Writer AP - Monday, July 6 BEIJING - Ford Motor Co. said its sales in China surged 14 percent in the first half of 2009, another positive sign for global automakers that are counting on China to drive revenues as they struggle in North America. ADVERTISEMENT Ford sales in China totaled 197,212 vehicles from January to June, the Dearborn, Michigan-based automaker said Monday. It said passenger car sales climbed 20 percent and were up 55 percent from a year earlier in June alone. Automakers are counting on China's relatively healthy sales, boosted by government stimulus programs, to help drive global revenues amid lackluster demand in North America and other major markets. General Motors Corp. reported last week its China sales soared 38 percent in the first half from a year earlier on strong demand for minivans and other small vehicles. China's passenger car sales shot up 46.8 percent in May from a year earlier, the latest month for which data have been reported, according to the state-sanctioned China Association of Automobile Manufacturers. For the first five months of the year, sales climbed 21 percent from the same period of 2008, the group said. By contrast, U.S. sales in June plunged 28 percent from a year earlier to 859,847 vehicles, according to research firm Autodata Corp. Ford has remained independent while Detroit rivals GM and Chrysler Group LLC sought government aid and court protection from creditors. But all three have suffered double-digit U.S. sales declines, boosting the importance of China and other developing markets. China's auto sales have been helped by government incentives including sales tax cuts and subsidies for replacing older vehicles. China outpaced the United States this year in monthly sales through April, though it fell back to second place in May due to a jump in American purchases. Analysts expect China's auto sales to top 10 million vehicles this year, and an industry group, the China Passenger Car Association, is forecasting sales in excess of 11 million units. Ford said sales at its Chinese passenger car joint-venture, Changan Ford Mazda Automobile, rose 20 percent in the first half to 140,386 vehicles. It said the Fiesta, which debuted in China in March, has sold 18,224 units. Ford's commercial vehicle unit, Jiangling Motors Corp., reported first-half sales of 53,327 units. ___ Ford China (in Chinese): http://www.ford.com.cn Ford Motor Co.: http://www.ford.com Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: China's Economy Shanghai push for luxury crowd despite tough timesAP - 2 hours 10 minutes ago TOPWRAP 1-China reassures on dollar before G8; markets subduedReuters - 2 hours 32 minutes ago Asian stocks mixed as investors await profitsAP - 2 hours 49 minutes ago Ford says China sales up 14 percent in first halfAP - Monday, July 6 Related Articles: Business GLOBAL MARKETS-Caution rules on world economy before G8Reuters - Monday, July 6 JGB 10-year yield hits 3-month low on recovery doubtsReuters - Monday, July 6 China menswear designer Lilang eyes $100 mln HK IPO-reportReuters - Monday, July 6 RPT-BRIEF-Bemis to buy Rio's Alcan packaging unit for $1.2blnReuters - Monday, July 6 BRIEF-Moody's sees neg otlk for Korea non-life insurance sectorReuters - Monday, July 6 Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed The daily grind: Sex for a week boosts sperm quality Harry Potter's nemesis revels in hard-edged new film Schwarzenegger declares emergency in California Jackson fans told to stay away as tickets up for grabs Questions mount over Jackson animal kingdom View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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