|
Ford sees strong crossover gains as SUVs decline |
|
Written by By Poornima Gupta, Reuters
|
|
Friday, 29 June 2007 |
|
Fri Jun 29, 2007 2:11AM EDT DETROIT, June 28 (Reuters) - Ford Motor Co. (F.N: Quote, Profile, Research) sees recent sales gains for crossover vehicles such as the Edge as evidence the strategy to protect the struggling automaker's market share is working, an executive said. Ford posted a 67 percent rise in sales of its line-up of car-based, crossover utility vehicles in May and was on track for a gain "just as eye-popping" this month, George Pipas, Ford's chief sales analyst, said in an interview with Reuters. And the monthly sales increase came before Ford rolled out a three-year, interest-free financing offer on all of its vehicles, a discount offer that takes effect on Friday. "Incentives should help close the month on a strong note, but the crossovers would have posted an impressive result ... with or without the incentives," Pipas said on Thursday. "They have been strong all month long." |
|
Read more...
|
|
|
Ford execs: Restructuring plan on pace |
|
Written by By DAVE CARPENTER, Business Week
|
|
Monday, 25 June 2007 |
|
CHICAGO Top executives of Ford Motor Co. maintained Friday that the automaker's turnaround plan is on pace despite a 12 percent decline in sales for the first five months of this year. Although industry experts have questioned the progress of the "Way Forward" restructuring unveiled in January 2006, Chief Executive Alan Mulally said the plan is "pretty much on track." Visiting the company's Chicago assembly plant to mark the return of the Ford Taurus, Mulally said some parts of the overhaul, related to cost cutting, are even ahead of schedule. "The closures and the employment reductions to size the capacity to the real demand -- we're a little bit ahead," he told reporters. "But generally (we're) on plan." |
|
Read more...
|
|
|
|
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>
|
| Results 19 - 21 of 33 |
