JOHANNES EISELE | AFP | Getty Photographs
The Ford Mustang is displayed throughout the 17th Shanghai Worldwide Car Trade Exhibition in Shanghai.
Ford’s gross sales in China dropped 43 % in September from the identical month a 12 months earlier, an indication that gross sales are slowing on this planet’s largest automotive market.
That is the third straight month of declining auto gross sales in China.
The second-largest U.S. automaker has been hit by the continuing commerce struggle between the U.S. and China, even supposing Ford sells automobiles in China via partnerships with native companies.
Ford shares are down almost 30 % for the reason that starting of the 12 months. As of Friday morning the inventory was buying and selling close to its 52-week low of $eight.75, set on Oct. 12.