Ford Motor Company

Auto/Economy
3:59 pm
Mon January 3, 2011

Auto sales expected to maintain momentum

December auto sales numbers are due tomorrow. It’s expected to be another good month for Detroit’s automakers. 

After watching auto sales dwindle in the depths of the recession, auto companies have seen a surge in buying demand in recent months.  December is expected to be the third straight month of strong domestic auto sales.

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Auto/Economy
4:35 pm
Thu December 9, 2010

Ford To Hire New Workers at Louisville Plant - At New (Lower) Wage

A view of Ford Motor Company's assembly plant in Louisville

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AUTO SALES
12:50 pm
Fri December 3, 2010

Analyst: Auto sales could reach 17 million by 2015

Car Lot
Lester Graham Michigan Radio

At a presentation to the Automotive Press Association in Detroit yesterday, Michael Robinet, director of global production forecasters at IHS Automotive, said U.S. auto sales could reach 17 million in 4 years. Robinet predicts sales will exceed 12.8 million next year and 16 million in 2013.  As the Detroit Free Press reports

That would be a huge reversal from the historically low sales levels that brought the industry to its knees during the recent recession. The last time industry sales exceeded 17 million was in 2001.

U.S. car sales were up by 17 percent last month. The country's most popular automakers in November were:

  1. General Motors
  2. Ford
  3. Toyota
  4. Honda (American)
  5. Chrysler
Auto Sales
2:49 pm
Wed December 1, 2010

Good numbers for U.S. car makers

Auto sales are up
Lester Graham Michigan Radio

Ford sales are up 24%, Chrysler sales are up 17%, and GM's are up  11%. It's been a good news week for the "Big Three" (can we still call them that?). Chrysler and GM also announced they plan to hire more workers in Michigan, and the Brookings Institution says Metro Detroit is recovering.

Here are some figures from a number-laden Detroit News article on auto sales:

  • Sales for Chrysler's Jeep brand were up 58 % for November compared to a year ago
  • Ford's year-to-date sales total 1.74 million vehicles - growing at a pace double the industry average
  • Ford's F-Series trucks were up 26 %
  • GM's big brand Chevrolet was up 18 % for the month compared to a year ago, its sales strengthened by the new compact Cruze and popular Equinox and Silverado
AUTO EARNINGS
9:17 am
Wed November 10, 2010

GM posts 3rd quarter profit

General Motors Logo
(c) GM Logo/Photo Courtesy of General Motors

General Motors announced this morning that it made $2 billion in the third quarter.  The Associated Press reports:

The profit was fueled by GM's international operations and strong revenue from newly introduced car and crossover models in North America.

The automaker's actual revenue rose 36% to a little more than $34 billion.  This was the third-straight quarter in which GM was profitable.

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