By Sarfaraz A. Khan and Gohar Yousuf
The U.S. automaker Ford (F) has recently released
its U.S. sales numbers for the month of November. Overall sales in the
region grew by 7% from prior year to 190,449 units while retail sales
rose by 9% to 147,021, which is the highest level for retail sales since
November, 2004. Passenger cars sales grew by 6%, while its best-selling
pickup in the U.S., the Ford F-Series, delivered another strong
performance with a 16% year-over-year increase in sales. In its most
recent quarterly results, Ford reported
a 12% increase in revenues to $36 billion due to higher sales in the U.
S. and Asia Pacific, which offset the decline coming from Europe. In
China, the world’s biggest auto market, the company is aiming to
increase its market share from 3.2% in 2012 to 6% by 2015. The company
will face increasing competition from General Motors (GM) as well as Japanese rivals, but Ford can deliver on its promise due to its massive expansion plans.
Strong Performance In China
Ford was a late entrant to the Chinese market, which is dominated by General Motors as the biggest foreign player in China. By the end of third quarter, Ford enjoyed a ... read full article at GuruFocus
Strong Performance In China
Ford was a late entrant to the Chinese market, which is dominated by General Motors as the biggest foreign player in China. By the end of third quarter, Ford enjoyed a ... read full article at GuruFocus