BEIJING: General Motors Co and Ford Motor Co announced their quarterly sales in China fell, albeit at a slower pace sequentially, as the U.S. automakers were hit by a slowing economy amid the Sino-U.S. trade war.
GM delivered 1.57 million vehicles in China in the January-June period this year, while Ford delivered 290,321 vehicles. Sales of GM's affordable brand Baojun dropped 31.8per cent for the latest quarter. But luxury brand Cadillac's sales jumped 36.6per cent.Ford makes cars in China through its joint venture with Chongqing Changan Automobile Co Ltd and Jiangling Motors Corp Ltd . It has said it would partner with Zotye Automobile Co Ltd to sell lower priced cars.
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Source: BusinessTimes - 🏆 15. / 51 Read more »