The second—largest U. S. automaker has been hit by the ongoing trade war between the U. S. and China, despite the fact that Ford sells cars in China through partnerships with local firms.
Ford’s sales in China dropped 43 percent in September from the same month a year earlier, a sign that sales are slowing in the world’s largest car market.
This is the third straight month of declining auto sales in China.
The second-largest U. S. automaker has been hit by the ongoing trade war between the U. S. and China, despite the fact that Ford sells cars in China through partnerships with local firms.
Ford shares are down nearly 30 percent since the beginning of the year. As of Friday morning the stock was trading near its 52-week low of $8.75, set on Oct. 12.
