Ford CEO says China operations earned $600 million in 2024

Company Performance - Ford Motor's operations in China earned approximately $600 million in 2023 despite challenging market conditions [1] - CEO Jim Farley highlighted that Ford is one of the few automakers making a profit in China [1] Market Strategy - Ford's earnings in China include revenue from exporting vehicles like the Lincoln Nautilus, which is exclusively produced in China for markets such as the US [2] - The company has been implementing an "asset-light" strategy in China, which has been previously emphasized by Farley [2] Industry Context - China remains a challenging market for automakers, particularly for Western legacy companies like Ford and General Motors [2]