How Ford’s Key Brands Performed in China in May

How Ford’s Key Brands Performed in China in May

In the first quarter, Ford’s (F) Asia Pacific region revenues rose 6.3% YoY (year-over-year) to $3.4 billion. However, the region had a negative impact on Ford’s total profit margins. Increased engineering costs in China, lower volume, and an unfavorable mix stole about $116 million from Ford’s EBIT in the first quarter.