Ford's China ventures increase May sales as market rebounds

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The U.S. automaker’s Chongqing-based venture with Changan (SZ:000625) sold 23,491 vehicles in May, up 130% from a year earlier, it said on Thursday.

Jiangling Motors Corp (JMC) (SZ:000550), in which Ford owns a stake, said in a filing on Wednesday that it sold 29,008 vehicles last month, up 32% year on year.

Separately, Ford also said that sales of its luxury Lincoln brand in China reached 5,000 units last month, up 22%.