Here's Why Ford Needs a Turnaround in China
Ford Motor Company (NYSE: F) recently announced a turnaround plan for China. Its November sales showed why it needs one.
Ford said its sales in China fell 8% in November from a year ago, as good sales of small and midsize sedan models didn't come close to offsetting a broader decline in sales, including year-over-year declines for some of Ford's most profitable products.
Including November's result, Ford's sales in China are down 6% this year, trailing the overall market and several key global rivals.
Source: Fool.com
Ford Motor Co. Stock
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We see a rather positive sentiment for Ford Motor Co. with 12 Buy predictions and 2 Sell predictions.
With a target price of 14 € there is a slightly positive potential of 18.14% for Ford Motor Co. compared to the current price of 11.85 €.
