Thursday, February 14th, 2008...10:17 am
Ford Motor reports higher January sales in Europe; shares rise
BOSTON, Feb. 11, 2008 (Thomson Financial delivered by Newstex) — Shares of Ford Motor (NYSE:F PRS) (NYSE:F PRA) (NYSE:F) Co. rose Monday after the Dearborn, Mich.-based car manufacturer reported sales in its main 21 markets in Europe rose 1.5% to 142,460. Ford’s January market share in Europe reached 9%. The company said the Focus was its top-selling model, selling more than 37,100 units, while sales for the new Mondeo rose more than 50% to 16,800.
‘While 2008 is forecast to be a challenging year for the European industry, we expect our sales momentum to continue,’ Ford Motor said. Shares climbed 5.6% to $6.41. Casey Logan Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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