Ford Motor CEO Jim Farley throughout a reveal of a special-edition Ford Mustang GTD for the Detroit Auto Show on Jan 9, 2024.
Michael Wayland/ CNBC
DETROIT — Ford Motor‘s operations in China earned roughly $600 million final yr regardless of difficult market circumstances, CEO Jim Farley stated Thursday evening.
“I’m comfortable to say that Ford makes cash in China, and I’m very pleased with that, as a result of not many [automakers] can say that,” Farley stated following a car reveal for the Detroit Auto Show.
Farley stated these earnings included the export of autos such because the Lincoln Nautilus, which is completely produced in China for different markets such because the U.S.
China has been an more and more difficult marketplace for automakers, particularly western legacy firms reminiscent of Ford and General Motors.
Ford doesn’t report earnings by area, however Farley has beforehand touted the corporate’s evolving “asset-light” technique in China.
