Ford Motor Company F shares are trading higher after the company reported first-half China sales exceeded 306,700 vehicles, representing 24% growth year-over-year. The company also reported sales of Lincoln luxury vehicles surpassed 42,200 vehicles, up 111.4%.
“In the second quarter, we revealed six new vehicles and outlined a strong and innovative electrification strategy. These actions – combined with our commitment to deliver always-on customer experiences – position us for success in the competitive Chinese auto market,” said Anning Chen, president and CEO of Ford China.
Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide.
Ford's stock was trading about 1.7% higher at $14.30 per share on Friday at the time of publication. The stock has a 52-week high of $16.45 and a 52-week low of $5.74.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
