Boston, MA 02/12/2014 (wallstreetpr) – Europe may not be the best market place for Ford Motor Company (NYSE:F) at the moment but not China. Recent sales in china are turning out to be one of the best that the company has ever recorded in the recent past. Ford motor company through its Chinese joint ventures saw sales increase by 53% compared to the same quarter a year ago. The 53% increase in sales resulted in a total number of 94,466 vehicles being sold during the January sales period.
Ford Motor Company (NYSE:F) seems to be receiving the best reception in China having recorded increment in sales of 47% in November last year and 35% in December. Ford saw its sales for full year increase by 49% compared to a year ago in the same market alone, resulting in total sales of 935,813 vehicles. Ford currently operates joint ventures in china with Jiangling Motors Corp and Chongqing Changan automobile.
Ford Motor Company (NYSE:F) focus with its new technology, renowned safety features and high levels of fuel efficiency has been cited as one of the major brands with the highest growth pattern in sales that ford is recording in China market. Ford focus sales for the month clocked in at 36,385, 8% higher than 33,632 sales that were recorded in F2012.
Ford may face new trial
Ford Motor Company (NYSE:F) may be in line to face new litigation charges on claims it had violated commercial truck dealers pricing contracts. This is after a $2 billion award against the company was overturned by a jury. A state judge in Cleveland is of the opinion that jurors were confused on their initial verdict that found the company not guilty of claims it had breached sales and service agreement. The date for the commencement of the case has not been set.
Ford Motor Company (NYSE:F) shares remained relatively stable in Tuesday trading session closing the day at $14.96.
