Ford sales jumped in China

July 12, 2021
Ford sales jumped in China

Despite the ongoing global chip shortage, Ford managed to post a significant increase in the number of vehicles delivered in the first half of the year in China

Ford sold more than 306,700 vehicles, 24% more compared to last year’s figures. However, the shortage affected the Q2 sales, being 3.6% lower year-over-year.

The company continues its efforts to push electric cars in China, with Mustang Mach-E and ten new direct-to-customer EV storefronts.

So far, it’s been a challenging year for the American company. Last month, it announced halting the production at its Michigan factory because it lacked parts and curtail production at another eight factories due to chip shortage.

Investors are now waiting for the company’s quarterly earnings due on July 28.

After the news hit the wires, Ford stock price closed 2.99% higher.

Source: thestreet.com

This information prepared by ClickTrades.com is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.

This information is prepared for general circulation. It does not have regard to the specific investment objectives, financial situation or the particular needs of any recipient.


You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.



This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.

Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of ClickTrades.com.

Recently Added

Most Affected Instruments

Ford
arrow
ford chart