Citing the Asian expansion and the increasing popularity of small cars, Ford Motor Co. predicts that global sales will increase by 50% by 2015 to 8 million each year. In an e-mail, spokesman John Stoll said that Ford anticipates that by 2020, small cars will make up 55% of sales and that one-third of sales will come from Asia.
In an interview with CNBC, Ford CEO Alan Mulally gave confirmation of this goal. Last year, Toyota Motor Corp. was No. 1 in global automobile sales with 8.42 million, which is higher than General Motors Co.’s sales figures by 30,000.
Coming in at third last year was Volkswagen AG with 7.14 million. It said that it seeks to sell 10 million autos by 2018.
A source said last October that in private, executives are working to meet this target by 2015. Last year, Ford sold 5.3 million vehicles. On Wall Street, Mulally rang the bell on the New York Stock Exchange.
In the CNBC interview, Mulally said that the sales plan “reflects all the work done over the last five years” in order to give Ford the foundation it needs to offer products that people seek all over the world.
He says that Ford hasn’t only been transformed as it now has a product line and a production system that enables it to support its expansion. He exclaimed that after Ford has fought to survive, it is now the “time to profitably grow Ford."