Ford September Car Sales Drop 4% In China

Ford Motor Co F reported a 4% drop in its September passenger-car sales in China. Ford's passenger-car sales declined 4% to around 69,000 vehicles in China, versus a 13% gain in August and a 19% surge in July. For the first nine months of the year, Ford's car sales in China jumped 27% y/y. Ford shares fell 2.60% to close at $13.84 yesterday.