NEW YORK (TheStreet) -- Shares of Ford Motor Co. (F) are higher by 1.05% to $14.94 in mid-afternoon trading on Monday. On Friday, the vehicle maker reported its sales results from China for the month of May. Sales in China grew by 4% when compared to the same month in 2014.
In May, Ford China sold 91,013 vehicles versus the 87,887 sold in the same month last year.
From January to May 2015, the company's sales in China grew by 1% year over year. For the 2015 January to May period Ford China sold 459,982 vehicles compared to the 456,594 vehicles sold in China for the same five months in 2015.
"Ford's passenger car joint venture Changan Ford Automobile (CAF) sold 67,357 vehicles in May, an increase of 3% from 65,229 in May 2014. Year-to-date sales for CAF reached 332,999 vehicles, up one percent from 330,896 during the same period last year," the company said in a statement announcing the China sales data.
"In May, Ford unveiled its MyEnergi Lifestyle pilot program at the inaugural CES Asia. MyEnergi Lifestyle is launching in China for the first time and provides a model for how families in Beijing and Shanghai can significantly reduce their energy footprint with a suite of cutting-edge technologies, including solar panels, smart charging equipment, smart appliances and a plug-in hybrid electric vehicle," the statement continued.
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: