Daily Management Review

Ford Gets Rise in Sales


04/14/2015


In the 1st quarter of 2015, the American automaker Ford Motor Co. increased sales in Europe by 12.5% compared to the same period last year, according to Associated Press.



Ford’s sales in 20 European countries in January-March reached 335.1 thousand of cars.

As vice president of sales for the European division of Ford Peter Fleet put it, the increase in sales is mainly obliged to the economic recovery of the region, rather than low interest rates and stimulus programs.

- Obviously, now our customers have more money that they can spend, - he said.

He noted the decline in unemployment in Europe, as well as the drop in fuel prices as the basic factors behind the growth in demand for cars in the region.

According to him, share of cars sold in Europe to retail customers in the 1st quarter exceeded the share of cars purchased by companies from car rental sphere.

Earlier this month, Ford Motor won the South Korean company Hyundai Motor in terms of quarterly sales in the Chinese market for the first time in the history. 

For example, Ford sales in January-March increased by 9.4% y / y and reached 296,825 units, while Hyundai Motor sales fell in this period by 2% to 282,305 units.

Note that the results of Ford Motor, however, appeared to be worse than the Volkswagen, General Motors and Nissan Motor.

The Ford Motor Company (commonly referred to as simply Ford) is an American multinational automaker headquartered in Dearborn, Michigan, a suburb of Detroit. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the Ford brand and most luxury cars under the Lincoln brand. Ford also owns Brazilian SUV manufacturer, Troller, and Australian performance car manufacturer FPV.
Ford is the second-largest U.S.-based automaker (preceded by General Motors) and the fifth-largest in the world based on 2010 vehicle sales. At the end of 2010, Ford was the fifth largest automaker in Europe. Ford is the eighth-ranked overall American-based company in the 2010 Fortune 500 list, based on global revenues in 2009 of $118.3 billion. In 2008, Ford produced 5.532 million automobiles and employed about 213,000 employees at around 90 plants and facilities worldwide.
The company went public in 1956 but the Ford family, through special Class B shares, retain 40 percent voting rights.
 
Earlier it was reported that Ford Motor Company will become the controlling shareholder of the Ford Sollers, a joint venture with the Russian company Sollers. Parties signed the agreement on the restructuring of the joint venture on March 31, the report said. Ford will increase its share by acquiring preferred shares. The partners did not disclosed the package Size. Sollers only said that the structure of ownership of the ordinary shares remains the same - 50 to 50%. According to reports, so far Ford Sollers have not had joint venture preferred shares. The maximum size of the issue of preferred shares - 25% of the share capital.

Planned investments in the Ford Sollers in 2011-2020 is $ 1.5 billion, funding provided EBV. The amount will be spent before the end of this year.

source: ap.org






Science & Technology

Fast Company: Apple isn't the most innovative anymore

U.S. Space Program Could Be Delayed Due To SpaceX, Boeing Design Risks: Reuters

What trends will be affecting the health sector in the coming years?

Deloitte identifies main cyber threats for power industry

Zenuity To Take Self Driving Car Road Test In Sweden With Permission

Researchers: Half of Facebook users is fake

Amazon’s Ring gets in a privacy scandal

Facebook Is Creating A Stablecoin For Its WhatsApp Users

IBM offers to use the first quantum computer

Passport Numbers Of 5 Million Customers Hacked: Concedes Marriott

World Politics

World & Politics

AirHelp expects up to 33 th of cancellations and flight delays per day all over the world in 2019

Far-right and Catalonia: New elections in Spain

Trump is losing rating because of shutdown

Hanoi, Vietnam Chosen As Place For 2nd Summit Between Trump And Kim Jong-Un

US, China to hold new negotiations in Beijing

Human Rights Not To Be Dissociated From Stability, Macron Tells Sisi

Brexit Hijack Is Not The Parliament’s Right

Macedonia ignites political crisis in Greece