US: Ford manages to stop pickup decline - INAUTONEWS
Ford, the second largest US automaker, counts on the F-Series to cover most of its profit, so the recent negative results over the past months were spurring investor worries over the “moneymaker”. But with two truck factories in the US now finally at peak production capacity, Ford posted a massive July sales increase (sales slid from February through June) with motorists snatching 66,300 units – over 11,000 more than last month. Through the year ending in June, Ford’s market share across the pickup segment slid from 33 percent to 28 percent. The ambitious redesign incurred several issues – Ford had to completely overhaul its assembly lines and then work to raise production as quickly as possible and both feats were achieved with inevitable delays. “As our inventories continue to improve, we are seeing sales follow,” commented Ford Vice President Mark LaNeve on the matter. Ford’s factories are now “very good at squeezing additional production now when we need it. ” The F-Series has been the best selling pickup truck and overall top selling vehicle in the United States for decades and its shadow over the North... Source: www.inautonews.com
