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






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