ford \comfortable\ with current forecasts
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Ford 'comfortable' with current forecasts

Egypt Today, egypt today

Egypt Today, egypt today Ford 'comfortable' with current forecasts

Frankfurt - AFP

US auto giant Ford is sticking to its forecast for industry-wide sales of around 15 million vehicles in western Europe this year, despite the difficult environment, Ford Europe chief Stephen Odell said Tuesday. "We're still comfortable with our full-year forecasts of between 14.8-15.3 million vehicles for the full year, probably with a weaker second half than the first half," Odell told reporters at the IAA motor show, when asked what about the possible effects the ongoing eurozone debt crisis might have on auto industry as a whole. The figure represented what Ford is projecting all car makers to sell in western Europe in the current year. In its traditional 19 European markets, Ford said its own sales rose by 19.3 percent to 17,200 vehicles in August, giving it its best-ever market share in that month of 8.2 percent. "We had a very strong August sales compared with a year ago and compared with the rest of the industry," Odell said. "The economy remains very challenging and consumers are jittery -- particularly in the eurozone -- but we remain optimistic." Ford had noticed that consumer confidence had "obviously come off" recently, but it was "still OK in some markets," the Ford Europe chief said. Odell said he was wary of making any concrete forecasts for next year, given the huge question marks posed by the eurozone debt crisis. The situation was "so volatile, so difficult to predict," he said. "My request to politicians is that even if the medicine is painful... we need to apply it quickly and robustly so we can have a sustainable base," not just for the auto industry, but for the global economy as a whole, Odell said.

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

ford \comfortable\ with current forecasts ford \comfortable\ with current forecasts



GMT 04:51 2014 Sunday ,28 September

China largest car consumer and producer in the world

GMT 09:51 2019 Monday ,19 August

Live a frustrating atmosphere in your career

GMT 18:36 2017 Friday ,28 July

Two Syrian soldiers killed in fight

GMT 11:46 2012 Tuesday ,24 April

The Hollywood Sign by Leo Braudy

GMT 12:55 2015 Tuesday ,17 March

7 best foods to eat before an important meeting

GMT 14:31 2017 Tuesday ,10 October

Foreign minister receives former UK Premier

GMT 17:22 2012 Thursday ,26 January

Thales teams with Steyr Mannlicher

GMT 00:44 2017 Sunday ,08 January

Where to get insurance cover for domestic workers

GMT 12:41 2013 Saturday ,24 August

Egyptian tourism minister visits Hurghada

GMT 14:26 2018 Wednesday ,12 December

Canada standing on the wrong side of history
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday