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Ford Sales Tumble in China, Drop in Europe

Compared to sales in the first quarter of 2018, Ford Motor Co. (NYSE: F) sold 23,700 fewer vehicles in the first quarter of this year. The 6.2% decline was considerably below the 2.2% drop for the auto industry as a whole in the 20 countries that Ford considers its traditional European markets. Ford’s first-quarter sales totaled 359,400 vehicles in its Euro 20 countries.

Last Friday the company reported a first-quarter sales drop of 35.8% in China compared to the same period a year ago. The company said that the government’s decision to hold tariffs on automobiles imported into China at existing rates contributed to reduced MSRPs on some models and led to special incentives, fi…
24/7 Wall St.

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