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Financial News USA
May 23


Ford Sept Sales for Asia Pacific, Africa Rise 27% and Ford Otosan Will Use External Financing For Transit, CNBC-e Says PDF Print E-mail

Ford Motor Co. said sales in its Asia Pacific and Africa regions rose 27 percent to 78,700 vehicles as the company introduced new models, it said in a statement today. Ford Motor Co. said sales in its Asia Pacific and Africa regions rose 27 percent to 78,700 vehicles as the company introduced new models, it said in a statement today. [Read the full article]

Ford Otomotiv Sanayi AS, the Turkish unit of Ford Motor Co., will seek financing from abroad to help pay for production of a new Transit model, CNBC-e television reported. Ford Otomotiv Sanayi AS, the Turkish unit of Ford Motor Co., will seek financing from abroad to help pay for production of a new Transit model, CNBC-e television reported. [Read the full article]

Ford Otomotiv Sanayi AS, the Turkish unit of Ford Motor Co., will invest 950 million liras ($674 million) on production of a new Transit model. The investment will be made in Ford(TM)s factory in Kocaeli in northwest Turkey, Ford of Europe Chief Executive Officer Stephen Odell said in a statement today. Turkey, whose economy grew more than 10 percent annually in the first two quarters, is a production hub for international manufacturers including Ford, Fiat SpA and Toyota Motor Corp. Ford Otosan(TM)s second-quarter net income surged 47 percent, helped by rising sales in Turkey. In August, the company increased its sales forecast for the country this year by 5.7 percent to 279,000 units. Ford Otosan(TM)s Kocaeli plant is the lead plant and main manufacturing center for the Ford Transit, Odell said in the statement. [Read the full article]

Ford's Asia Pacific and Africa region posted record sales in September of 78,700 units, a 27 percent increase, and sales of 651,856 so far this year, an increase of 40 percentLed by strong demand for the all-new Ford Fiesta, sales in Thailand more than tripled from the same month a year ago, rising 264 percent to 2,049 unitsLed by the launch of the new Ford Fiesta in Southeast Asia and its growing product lineup in the region, Ford Motor Company's Asia Pacific and Africa region reported record sales in September and for the first three quarters of 2010.Ford had its best monthly sales result in the Asia Pacific and Africa region in September, selling 78,700 units, an increase of 27 percent compared to September last year. It sold 651,856 vehicles in the region in the first three quarters, an increase of 40 percent compared to the same time last year. [Read the full article]

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