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.

If you liked the article, share on:

Comments

Recommended

Kia is taking things a step further with the new Kia Stinger, which they first introduced at the 2017 Detroit Auto Show. With the specs given to us by the...
by - June 25, 2017
Earlier this week, Nissan revealed a teaser of the new 2018 LEAF’s interior, giving us an idea of what the electric vehicle has to offer. The company released a video...
by - June 25, 2017
The primary suggestion of a 4x4 ute from French company Peugeot was first revealed in 2016. Fifteen months later, the production version is launched. Now, Peugeot is not shying away...
by - June 24, 2017
The new Jaguar E-Pace crossover will soon hold its official launch on July 13 and is expected to arrive at the showrooms by early next year. It couldn’t have come...
by - June 24, 2017
As prices of the original Shelby Cobra have skyrocketed into astronomical proportions, there are firms like Superformance that serve replicas to consumers who demand the same levels of performance at...
by - June 24, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries