GM and Ford log double-digit gains in China in February 2014

Article by Anita Panait, on March 10, 2014

Both General Motors and Ford Motor Co. posted double-digit sales surges in China in February 2014. GM and Ford logged a 20-percent and a 67-percent year-on-year rise in sales, respectively. GM and its Chinese joint ventures with FAW Group and SAIC Motor Corp. sold 257,770 vehicles in February, the third straight month that the carmaker posted double-digit gains with a 12-percent sales rise in January and an 11.8-percent climb in December.

GM and its joint ventures have sold 605,831 vehicles since the start of 2014. Ford and its joint ventures with Chongqing Changan Automobile Co. and Jiangling Motors Corp., meanwhile, sold 73,040 vehicles in China during February. The carmaker logged a 35-percent and 53-percent surges in sales in December 2013 and January 2014 respectively.

Ford and its joint ventures sold 167,506 vehicles in China in the first two months of 2014. On the other hand, The Wall Street Journal has reported that Ford is planning to expand its r&d operations in China by increasing its workforce by 50 percent to around 2,000 people by 2018.

Ford is planning a $100-million investment to hire the new workers, construct a new building and build a test track at its Research and Engineering Center in Nanjing, according to the Journal report.

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Topics: gm, ford, china, sales

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