Ford Motor Co said on Thursday it will increase production over the rest of the year after a surge in sales triggered by the U.S. government's Cash for Clunkers sales incentive program.
Ford Motor Co said on Thursday it is increasing production over the rest of the year to meet increased demand spurred by the U.S. government's Cash for Clunkers sales incentive program.
Ford Motor Co said on Thursday it is increasing production over the rest of the year to meet increased demand spurred by the U.S. government's Cash for Clunkers sales incentive program.
Red hot auto sales under the U.S. government's
Red hot auto sales under the U.S. government's cash for clunkers incentive began to cool as dealer inventories tightened and showroom traffic showed signs of leveling off from its frantic pace of a week ago.
Red hot auto sales under the U.S. government's cash for clunkers incentive began to cool as dealer inventories tightened and showroom traffic showed signs of leveling off from its frantic pace of a week ago.
The U.S. Senate approved and sent to the White House on Thursday a $2 billion extension of the cash for clunkers autos sales incentive program.
The U.S. Senate approved and sent to the White House on Thursday a $2 billion extension of the cash for clunkers autos sales incentive program.
The Obama administration will soon have another $2 billion to spend on consumer rebates for car purchases, but automakers are saying little about production increases and experts see only a short-term boost to the economy overall.
Ford Motor Co's (F.N) car venture in China sold 54 percent more Ford brand vehicles in July from a year earlier, its sales arm said on Thursday.
The big three of Detroit, General Motors Co., Ford Motor Co., and Chrysler LLC were awarded today with millions in funding from the government's stimulus package to manufacture and deploy electric vehicles, batteries and components in the United States, the Department of Energy said.
The U.S. Senate will approve a $2 billion extension of the
Ford Motor Co (F.N) of Canada was the country's top-selling automaker for a second month in a row in July, when sales jumped more than 47 percent from a year earlier even as its main rivals recorded another month of declines.
The U.S. Senate will approve a $2 billion proposal to extend the cash for clunkers auto sales incentive by week's end, the Senate Democratic leader said on Tuesday.
The U.S. Senate will approve a $2 billion extension of the cash for clunkers auto sales incentive by week's end, Majority Leader Harry Reid said on Tuesday, giving new life to a successful program that has boosted industry sales to a 2009 high.
Leading global automakers reported forecast-beating quarterly results on Tuesday, but continued to give cautious outlooks for the industry, which remains hard hit by weak demand and a lack of consumer credit.
Global miner BHP Billiton Ltd/Plc has named veteran former Ford Motor Co Chief Executive Jac Nasser as its new chairman to succeed Don Argus, it said on Tuesday.
U.S. auto sales jumped to the highest level of 2009 in July as Americans rushed to take advantage of the government's Cash for Clunkers program, raising hopes that the battered sector is poised for recovery.
General Motors Co said on Monday its U.S. auto sales fell 19.4 percent in July from a year earlier, but retail sales rose from the month before for a fifth consecutive month, supported by the U.S. government's Cash for Clunkers incentives.
The punishing four-year decline in U.S. auto sales may have reached a turning point this week -- just as Michael Papa handed over the keys to his 1996 Ford Explorer for a government-sponsored trade-in.
The Obama administration was optimistic on Sunday that the U.S. Senate would extend the federal
Ford Motor Co said on Monday that U.S. auto sales rose 2.3 percent in July, its first year-over-year monthly sales increase since November 2007, supported by the U.S. government Cash for Clunkers program.