The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Ford Motor China Posts Record First Quarter Sales; 47 Percent Year-Over-Year Increase

SHANGHAI, China, April 8, 2008 -- Ford Motor China delivered record first quarter sales of 90,791 units, a 47 percent year-over-year increase, continuing the company's strong growth in the critical China market and outpacing the overall industry.

Ford posted record first quarter sales despite the severe winter storms that slowed commerce in China in January and February.

"Ford Motor Company has now achieved four consecutive years of strong, continuous growth in China," said Robert Graziano, president and CEO of Ford Motor China. "Our first quarter performance clearly indicates that our brand momentum is still very strong."

Ford brand passenger vehicles posted first quarter sales of 47,213 vehicles, a 54 percent year-over-year increase.

"Continued strong sales of Ford Focus, Ford S-MAX, Ford Transit and the new Ford Mondeo helped drive our successful start to the year," added Graziano. "We expect our new model introductions this year in China will allow us to maintain significant growth through 2008."

Changan Ford Mazda Automobile (CFMA)

Ford Motor's passenger car joint-venture, Changan Ford Mazda Automobile (CFMA), posted first quarter sales of 61,789 units, or a 58 percent year-over-year increase.

The Ford brand line-up produced by CFMA includes Ford Focus, the new Ford Mondeo and Ford S-MAX. Sales of the Ford Focus, one of the ten best-selling cars in China last year, continued to accelerate in the first quarter, rising by 58 percent year-over-year to 32,326 units.

Lauded for its design and driving dynamics, the new Ford Mondeo achieved first quarter sales of 13,391 units. The popular Ford S-MAX line will be enhanced with a new 5-seat version that will make its debut at Auto China 2008 in Beijing on April 19.

Jiangling Motor Corporation (JMC)

Jiangling Motor Corporation, Ford Motor's commercial vehicle investment in China, delivered 23,785 commercial vehicle sales for the first quarter, including Ford Transit sales of 6,908. The company introduced a new Ford Transit in January, which boasts a class-leading design, features and advanced technology.

"We certainly need to be aware of both global and local economic conditions through the remainder of the year, but consumer demand for Ford vehicles remains very strong in China straight across our product range, and we continue to be very confident in our outlook," Graziano said. "Ford Motor Company is accelerating the introduction of new products with advanced technologies, and we plan to further expand our operations in China by continuing with their introduction in the China market."

                    Ford Motor China 2008 Q1 Sales Performance
                 Passenger car                   Commercial vehicle
               CFMA       Volvo, Jaguar                  JMC          Total
                         and Land Rover

           Ford    others    Imported            Ford and Jiangling
           brand                                       brands

  2007 Q1  30,693   8,414       2,579                  20,015         67,701
  2008 Q1  47,213  14,576       5,217                  23,785         90,791
  Growth     54 %    73 %       102 %                    19 %           47 %

Ford Motor Company , a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles in 200 markets across six continents. With about 245,000 employees and about 100 plants worldwide, the company's core and affiliated automotive brands include Ford, Jaguar, Land Rover, Lincoln, Mercury, Volvo and Mazda. The company provides financial services through Ford Motor Credit Company. For more information regarding Ford's products, please visit www.ford.com.

(1) Sales data of Jaguar and Land Rover are still included in Ford Motor China's Q1 sales figures. Ford Motor China Q1 sales, not including Jaguar and Land Rover, are 87,332 units.