Ford said it sold 100,834 vehicles in China during the month of November through its joint ventures. This marks a 2% year-over-year increase, a better figure than the 0.2% year-over-year dip and the 1% year-over-year decline in September and October, respectively.
Ford sales in China are up 20% year-to-date to 1,007,425. The company has said its growth in the world's most populous nation has been held back by shortages in manufacturing capacities.
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Ford manufactures vehicles in China through partnership with Chongqing Changan Automobile and Jiangling Motors Corp.
Separately, TheStreet Ratings team rates FORD MOTOR CO as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate FORD MOTOR CO (F) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."