March 6, 2014 – eleven:34 am ET
General Motors and Ford Motor Co. each reported double-digit sales gains in China for February — GM jumped 20 % and Ford rose 67 % from a yr earlier time period.
GM reported sales of 257,770 cars amongst it and its Chinese ventures in February — continuing an upward revenue trend with a twelve % revenue improve in January and an 11.8 % rise in December.
Ford stated nowadays it sold 73,040 cars in China for the duration of February, a 67 percent improve year over 12 months and strengthening on a 53 % sales rise in January and a 35 % jump in December.
In partnership with FAW Group and SAIC Motor Corp., GM has sold 605,831 autos since the starting of the year.
Ford, partnering with Chongqing Changan Car Co. and Jiangling Motors Corp. has sold 167,506 vehicles in China given that January.
Separately, The Wall Street Journal stated Ford is expanding its r&d operations in China by increasing employees by 50 percent to about 2,000 individuals by 2018.
Ford is organizing to invest $ 100 million to employ the further workers, construct a new creating and develop a check track at its Study and Engineering Center in Nanjing, 637 miles south of Beijing, according to the Journal report.
Reuters contributed to this report