Ford China Sales Surge 35% In September

Sales at Ford Motor F and its joint ventures in China surged 35% y/y to 59,570 vehicles. Ford's passenger car sales in the country jumped 54% to a record high of 44,102 units in September, while sales at commercial vehicle maker Jiangling Motors declined to 15,468 units versus 15,542 units. In the January to September period, Ford and its Chinese partners sold 428,083 units, up 11% from a year-ago period. Ford shares dropped 0.20% to $10.08 in after-hours trading.