Ford Sets China Sales Record For December And 2015

Ford Motor Co. said its China sales set a record of more than 1.1 million vehicles sold in 2015, up 3% from the year earlier. December also set a record of 124,768 vehicles sold, up 27% from the year earlier. Changan Ford Automobile, the company's passenger car joint venture, also set annual and December sales records. It sold 836,425 vehicles in the year, a 7% increase over 2014, and 96,960 vehicles in December, up 49% from the year earlier. Ford shares were up 0.8% in premarket trade, but are down 18% in the last 12 months, while the S&P 500 has fallen 6%.