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

Mitsubishi finally introduces the new Xpander MPV at the 2017 Indonesia International Auto Show in Jakarta Indonesia. Replacing the previous Expander, the new multipurpose vehicle will be mostly sold at...
by - August 16, 2017
Infiniti revealed its retro Prototype 9 race car before its slated debut at 2017 Pebble Beach Concours d'Elegance next week. In a recent press release, the company not only disclosed...
by - August 16, 2017
In the United States, not many automakers offer crossovers with a diesel engine option, but Chevrolet does, with their 2018 Equinox. Those who opt for this engine will get some...
by - August 16, 2017
Here are some things that potential buyers of the Ford F-150 and Ford Expedition could look forward to for the 2018 model year. The 2018 models of the F-150 pickup...
by - August 15, 2017
We first saw the McLaren 720S earlier this year when it made its debut at the Geneva Motor Show, and we all agree that it is a beautiful car. But...
by - August 15, 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