According to data from Ford Motor Co, Ford and its Chinese joint ventures reported sales of 44,047 units in August in China up by 24%YoY.

From January to August this year, Ford has sold 368,103 vehicles up by 42%YoY. Strong demand for Ford new products in China and India, two of the world fastest-growing automotive markets, led to sales of 51,972 vehicles in August in the two countries up by 37%YoY.

So far this year, Ford has sold 422,779 vehicles in the two countries combined up by 52%YoY. In the next 10 years, Ford expects 70% of its growth to come from its Asia Pacific and Africa region.

Mr Joe Hinrichs president of Ford Asia Pacific and Africa said "We have big plans for India, China and the region. China will remain the largest car market in the world for the foreseeable future and we estimate India will be the third largest market in the world in the next 10 years."

Ford is building two new plants in China one in Chongqing with Changan Ford Mazda Automotive and one in Nanchang with Jiangling Motors Corp.

(Sourced from http://www.chinadaily.com.cn)