Ford warns China car sales may see first fall since 1990 - BBC News
Ford has predicted industry-wide sales will be flat or fall in China this year - the world's biggest car market. The car giant expects 23 million to 24 million car sales in China, compared with 24 million last year. Despite the overall picture, Ford itself expects to do "quite well" in China due to four new car models and a new factory, Mr Shanks said. He said falls in commercial vehicle sales were driving the overall decline in industry sales in China. The performance came in spite of supply issues, with North American dealerships not all having the truck, an issue that Mr Shanks said would be resolved by the end of the third quarter. Overall profit rose in Asia Pacific despite a dip in its China sales, which Mr Shanks said was because it had adjusted its production to meet the lower demand. For the full year, Ford was upbeat, saying it expected its profit for the second half to be bigger than that of the first half. Source: www.bbc.com
