Ford's China Sales Rose 44% in 2009 - TheStreet



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(F) - Get Report

2009 sales in China rose 44%, benefiting from stimulus measures put in place by the Chinese government.

Ford said it sold 440,619 vehicles in China in 2009, up from 306,306 autos sold in 2008.

China became the world's largest auto market last year, with the government leaning on the industry to help it revive its economy. China has instituted a stimulus plan of 4 trillion yuan ($586 billion).

Ford's announcement follows news earlier this week from

General Motors

that its

China sales jumped

by 66.9% to a record 1.8 million vehicles in 2009.

Ford's Chinese passenger car venture, Changan Ford Mazda Automobile, sold 55% more cars in 2009 than a year earlier.

-- Reported by Joseph Woelfel in New York.

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