Ford chief executive Alan Mulally has said the company has room for steady growth in North America and Europe.
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The company has increased its market share in the United States this year as rivals General Motors and Chrysler went through bankruptcy. Mulally told industry analysts that Ford could grow profitably in the United States as well as in Russia and Europe.
“Two very large mature markets, so growth will be steady, but not real dramatic,” Mulally said of the US and Europe. “If you look at Asia-Pacific, we have a lot of room to grow.”
Ford posted losses totaling about US$30bn between 2006 and 2008 but expects to reach at least break-even in 2011, Reuters noted, consistent with a gradual recovery in the economy that would also bring an increase in industry sales.
The company expects US auto industry sales to slump in September to levels seen earlier in 2009 after the US government’s ‘cash for clunkers’ incentive programme was exhausted before the end of August.
