Founded by Henry Ford in 1903, Ford is the second biggest US carmaker. It weathered the Great Depression intact, but only survived the Global Financial Crisis by raising more than US$20 billion in cash and mortgaging its trademark blue oval. It was the only major US carmaker to avoid a US government bailout.
Ford says July China auto sales up 71pc
Ford Motor and its local partners in China sold a total of 72,834 vehicles on a wholesale basis in July, an increase of 71 per cent from a year earlier, the company said on Tuesday.
That compared to a 44 per cent increase in June.
In the first seven months of the year, sales by the Dearborn, Michigan-based automaker totaled 480,555 vehicles on a wholesale basis, up 50 per cent from the same period last year.
Strong demand for the Ford Focus again led sales in July. With 32,920 wholesale units sold, Ford Focus sales grew 77 per cent in July.