Ford seeks 5 percent of China vehicle sales in fourth quarter

Wed Oct 9, 2013 2:19pm EDT
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DEARBORN, Michigan (Reuters) - Ford Motor Co (F.N: Quote) aims to capture 5 percent of China vehicle sales in the fourth quarter, double its share at the end of 2011, its top official in the country said on Wednesday.

Ford ended 2011 with a 2.5 percent market share in China and ended 2012 with a 3.2 percent share, according to David Schoch, chief executive officer and president of the automaker's China operations.

Schoch estimated Ford's share of China sales in the third quarter was 4.7 percent.

(Reporting by Paul Lienert in Detroit; Editing by Gerald E. McCormick)

A Ford logo is pictured at a press event to unveil the new 2011 Ford Explorer outside the Ford Motor World Headquarters in Dearborn, Michigan in this July 26, 2010 file photo. REUTERS/Rebecca Cook/Files