Tuesday, June 2, 2009

Ford Sales Up 20%

Good luck to them, they deserve it considering Government Motors is its opponent.

The Ford Motor Company said it sold more vehicles in the United States in May than in any month since last July and that its market share climbed to the highest level in three years.

It sales were down 24 percent from a year ago, one of the smallest declines that any major automaker has reported in months. But Ford said its sales rose 20 percent in May from April — helped by record sales of some of its small cars.

“Consideration for our new products is increasing,” Ken Czubay, Ford’s vice president of sales and marketing, said in a statement. “Even as the competitive environment intensifies, Ford’s relentless pursuit of quality, fuel efficiency, smart technology and appealing designs is winning new customers.”

General Motors said that its May sales fell 30 percent from a year ago but increased 11 percent in April. Four brands that it plans to get rid of — Pontiac, Hummer, Saturn and Saab — were its worst performers, G.M. said.

Ford is the only Detroit automaker that has not entered bankruptcy, after General Motors filed for Chapter 11 protection on Monday and Chrysler did so a month ago. They and other automakers were scheduled to report their May sales figures later Tuesday.


Obama and the left are going to have to do something about this, we can't have private competition to the political-industrial complex he has created. By the way it appears Ford is thinking about the future as well:

Ford said it would increase production in the second and third quarters by 52,000 vehicles, or 6 percent. That is in contrast to significant cutbacks at Chrysler, which has idled all of its United States plants for the last month, and G.M., which is shutting 13 assembly plants for part of the summer to clear out inventories.

In other news it appears GM has ditched the hummer:

NEW YORK (CNNMoney.com) -- General Motors Corp. has signed a deal to sell its Hummer truck unit to a Chinese industrial company, a person with knowledge of the deal said Tuesday.

The news comes a day after GM (GMGMQ) filed for bankruptcy protection in New York. The company did not identify the buyer nor name a price, saying only that the deal would close by the end of September.

But a source identified the buyer as Sichuan Tengzhong Heavy Industrial Machinery Company Ltd. in China.

As part of the deal, some GM plants will continue to build the Hummer brand for the new owner, at least for awhile. The company said its Shreveport, La., plant will keep building Hummers for the new owner until at least 2010.



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