Friday February 09, 2007

Toyota and DaimlerChrysler pass Ford

news.yahoo.com :

Ford's U.S. sales dropped 19% in January, allowing Toyota to pass it again as the nation's No. 2 automaker. But Ford's numbers were so bad that it was also passed by DaimlerChrysler, knocking the troubled automaker into fourth place for the month. Times are tough for Ford Motor Co., which attributed its decline to a long-term strategy of returning to profitability by cutting low-profit rental car sales and reducing its reliance on incentives.

Ford said its sales to rental companies were down 65% last month from January of 2006. General Motors said its sales dropped 16.6% as it, too, worked to wean itself from rental car companies. Toyota, on the other hand, continued to stomp on other manufacturers. Its sales were up 9.5% in January. DaimlerChrysler AG's total was also up, by 3.2%. Nissan sales rose 8.9%, while Honda reported its total rose 2.5% in January.

Jesse Toprak, chief economist for the Edmunds.com auto Web site, said Ford could pass Toyota again for a few more months - but not for long. "By summer, Toyota will be in the No. 2 position permanently," he predicted.

See also :

1. Ford posts loss of $5.8 billion
2. Ford to cut 14000 jobs, close 16 factories
3. Ford to cut production

(2007-02-09 07:48:15 SGT) [Biz] Permalink

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