WorkHorse Stock News ✨ How To Hedge With Ford Electric Vehicle & ChargePoint SBE SPAC Market

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WorkHorse Stock News And Why And How To Hedge With Ford Electric Vehicles?
adminnOctober 22, 2020

Ford’s third-quarter China sales rise 25% year-on-year to 164,352 vehicles

By Reuters Staff

1 Min ReadFILE PHOTO: Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany September 10, 2019. REUTERS/Wolfgang Rattay

BEIJING (Reuters) – Ford Motor Co F.N on Friday said its China sales rose 25% over July to September from the same period a year earlier to 164,352 vehicles, attributing the increase to product launches and a localisation strategy.

The result represents Ford’s second consecutive quarterly sales increase in the world’s biggest auto market following almost three years of decline.

The Dearborn, Michigan-based firm makes vehicles in China through joint ventures with Chongqing Changan Automobile Co Ltd 000625.SZ and Jiangling Motors Corp Ltd 000550.SZ.

On Monday, U.S. rival General Motors Co GM.N said its China sales grew 12% in July-September to 771,400 vehicles.

Overall vehicle sales in China grew 13% in September, 12% in August and 16% in July.

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Ford plans for self-driving commercial service launch in 2022

Oct. 20, 2020 3:08 PM ETFord Motor Company (F)By: Clark Schultz, SA News Editor53 Comments

Ford (F +2.2%) plans to launch its self-driving commercial business in 2022 with vehicles based on the Ford Escape Hybrid crossover.
The automaker says the vehicles will be tested alongside self-driving Fusion hybrids in Austin, Detroit, Miami, Palo Alto, Pittsburgh and Washington, D.C.