Manufacturing News

Ford slump drags into July

Ford Motor Co.’s sales in China fell 32 percent in July from a year earlier to 57,662 vehicles, as the U.S. carmaker continued to suffer from a lack of fresh models in the world's largest auto market.

The latest figure followed a 38 percent tumble in June, leading to the automaker's worst-ever first-half year in China since starting operations in the country in 2001.

For January-July, Ford's China sales dropped 26 percent versus the same period a year earlier to 458,105 vehicles.

On Wednesday, Ford said it would launch an "entry-level" crossover early next year in China, developed jointly with local partner Jiangling Motors Corp., as part of efforts to revive its slumping business.

The Territory is one of 50 new or redesigned vehicles Ford plans to launch in China from this year through 2025. Those vehicles include a redesigned Focus scheduled for launch later this year.

Ford officials have said the automaker's business in China will remain pressured this year by a dearth of new or significantly redesigned models in its product lineup, a situation they indicated could last through the end of 2018 or early 2019.

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