In addition to the host of economic data out today in the U.S. and around the world, global auto makers are reporting January sales figures. Ford reported sales up 22 percent in January, ahead of analysts' estimates of a 17 percent advance.
By Income Hunter:When the U.S. economy stumbled from the mid-2000s, culminating in the subprime mortgage-induced financial crisis of 2007 to 2009, the country's largest vehicle manufacturers did not escape the chaos.
The buzz around the North American International Auto Show in Detroit this week hit a positive pitch not heard since the global economic crisis gutted the industry a few years back.
The Financial Post Scott Deveau was in Detroit for the event talking to the movers and shakers of the global vehicle industry — from Chrysler’s charismatic Sergio Marchionne on the return of Alfa Romeo 2 to North America to Detroit’s Big Three lamenting the high cost of production in Canada.
Ford Motor Co of Canada was the top-selling automaker in Canada for the third year in a row in 2012 but Chrysler, boosted by demand for its fuel-efficient passenger cars, knocked General Motors from the No. 2 perch.
Ford said on Thursday it sold 276,068 vehicles in Canada last year, just 90 more than it sold in 2011. Its popular line-up of F-Series trucks made up more than 100,000 of the sales.
In December, however, Ford’s vehicle sales slipped 13% to 16,874.