Ford Motor CEO Jim Farley during a bask in of a special-edition Ford Mustang GTD for the Detroit Auto Show on Jan 9, 2024.
Michael Wayland/ CNBC
DETROIT — Ford Motor‘s projects in China earned roughly $600 million last year despite challenging market conditions, CEO Jim Farley said Thursday unendingly.
“I’m happy to say that Ford makes money in China, and I’m very proud of that, because not many [automakers] can say that,” Farley rumoured following a vehicle reveal for the Detroit Auto Show.
Farley said those earnings included the export of agencies such as the Lincoln Nautilus, which is exclusively produced in China for other markets such as the U.S.
China has been an increasingly challenging store for automakers, especially western legacy companies such as Ford and General Motors.
Ford does not report earnings by locality, but Farley has previously touted the company’s evolving “asset-light” strategy in China.