Thanks to strong Jeep and Ram sales.
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Ford is idling its Mustang factory thanks to poor sales.
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Ford has reached a new sales milestone in China.
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China is the wild, wild east of the automotive industry. Home to more than 1 billion people and counting, it’s a hugely important market for car companies. There are many domestic brands over there but curiously foreign companies are making significant headway.
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Ford is calling it a little early, predicting that it will be the best-selling brand in the United States in 2013.
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Next year, Ford will introduce more new cars and trucks to the market than it has in its history, but expects to see a decline in pretax profit.
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November saw the highest automotive sales in almost seven years with the seasonally-adjusted annual rate reaching 16.4 million.
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Ford is rolling four key vehicle segments – subcompact, compact, small utility vehicles, and midsize sedans – into one, naming it the super segment.
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While Ford still posted losses in Europe last year, the American automaker managed to rake in $5.67 Billion in net income, which is $307 million less than in 2011.
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Ford is on track to sell 2.2-million vehicles in the U.S. this year, marking its second straight year topping the 2-million mark and being the only brand in America to do so.
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Ford has been enjoying great success this year with their sales of small SUVs, reporting that 206,896 Escapes have sold in the US through October, a 31-percent increase from last year’s sales to date. They’re also expecting November’s figures to be on the rise, not just for themselves for but for the auto industry as...
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