Back to top
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Ford Motor Company (F) - free report >>
The Goodyear Tire & Rubber Company (GT) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Ford Motor Company (F) - free report >>
The Goodyear Tire & Rubber Company (GT) - free report >>
Image: Bigstock
Ford's (F) China Sales Surge 15% Y/Y in July; Stock Up
Share price of Ford Motor Co. (F - Free Report) increased to $12.19 on Aug 5 after the automaker and its joint ventures reported a 15% year-over-year improvement in China sales to 88,189 vehicles for Jul 2016. Sales increased 6% year over year to 652,836 units in the world’s largest automobile market in the first seven months of 2016.
Ford’s passenger car joint venture, Changan Ford Automobile (“CAF”) recorded a 20% year-over-year rise in vehicle sales to 69,074 units in Jul 2016. CAF sales rose 11% year over year to 503,719 units in the first seven months of 2016. CAF’s performance was driven by strong sales of the Ford Escort and Ford Focus. Sales of Ford Escort surged 82% in July, while that of the new Ford Focus increased 13%.
Ford's commercial vehicle investment in China, Jiangling Motors Corporation (“JMC”), sold 17,748 vehicles in Jul 2016. Notably, sales improved 6% from the figure recorded in Jul 2015. However, JMC sales declined 5% year over year to 139,262 vehicles in the first seven months of 2016.
In Oct 2015, Ford announced its plan to invest nearly 11.4 billion yuan ($1.8 billion) for research and development in China over the next five years. The automaker has been trying to augment its sales in the Chinese market by modifying its vehicles to meet consumer preferences. As a result, it has gained significant market share over the last few years. Ford plans to expand its portfolio of hybrid, plug-in hybrid and electric vehicles in the nation over the next few years. Further, it will launch the C-MAX Energi, a plug-in hybrid, and the Mondeo conventional hybrid in China this year.
FORD MOTOR CO Price
FORD MOTOR CO Price | FORD MOTOR CO Quote
Ford currently carries a Zacks Rank #5 (Strong Sell).
Stocks that Warrant a Look
Some better-ranked automobile stocks include The Goodyear Tire & Rubber Company (GT - Free Report) , Visteon Corporation (VC - Free Report) and Gentex Corp. (GNTX - Free Report) , each carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>