Ford has room for steady growth in North America and Europe

Article by Christian A., on August 29, 2010

Steady, but not real dramatic, is how Ford Motor Co. describes its growth in the North American and European auto markets, says Autonews. CEO Alan Mulally said that Ford has raised its market share in the US this year as rivals General Motors Co. and Chrysler went in and out of bankruptcy.

Ford is the only large U.S. automaker not to reorganize in 2009 under a government-supported bankruptcy.

In a Webcast meeting with industry analysts, Mulally said that there is still room to grow in the two very large mature markets  the US and Europe.

With regards to Asia-Pacific, there's a lot of room to grow. For 2006 through 2008, Ford incurred losses totaling $30 billion. In 2011, it expects to at least break-even, consistent with a gradual recovery in the economy.

However, Ford anticipates a slump in September of US auto industry sales to levels seen when the cash for clunkers program was terminated.

Mark Fields, Ford's president of the Americas , said that anticipated September U.S. auto industry sales will range from an annualized rate of 9 million to 9.5 million vehicles.

Medium and heavy duty trucks are typically included by Ford in its US auto industry sales forecasts.

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