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Tuesday, June 7, 2011

car sales grows 50% by middle of decade, Ford global sales

Car Auto Online | car sales grows 50% by middle of decade, Ford global sales - Ford Motor Co. said Tuesday Ford sales will grow by about 50 percent of the world's car sales of approximately EUR 8 million a year in the middle of the decade.

Much of this growth will occur in China and India, "said Ford.

In 2014, more than 140 percent of the overall portfolio of Ford will be new or significantly upgraded its 2009 range, said a Ford spokesman in an email. The figure is more than 100 percent because some models have been given at least twice in this period of five years, said the spokesman.

Ford last week announced that they would leave a minimum of three-cylinder engine in its history, the next two years.

On Tuesday, Ford said that in 2020, about 55 percent of its total car sales of small cars should be mini-cars. In addition, Ford said its Asia-Pacific and Africa sales were up almost a third of its turnover in 2020.

Ford executives in New York to meet Wall Street analysts in the strategies of long-term growth and efforts to further strengthen the balance sheet. This session will take place on Tuesday afternoon.

Ford CEO Alan Mulally said in an interview with CNBC separately on Tuesday morning that the company has left the "survival mode" and is ready for significant sales growth around the world.

Mulally took over chief executive of Ford in 2006 and turned around the company, he showed a surplus from its sales for each of its last seven quarters. From 2006 to 2008, Ford lost 30 billion dollars.

Ford shares on Tuesday morning were up 1.2 percent to $ 14.08 per share.

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