Latest Car News in India

Wednesday, June 15, 2011

By Pranjal Gera

Ford expects high sales in the growing Indian and Chinese market

Ford Motors is all set to increase their sales in the growing markets of India and China.

They are currently aiming to expand their sales by almost 50% by 2015.

Down in a debt of $33.6 billion in 2009, it was able to cut off the debt by 15.7 percent and brought it down to $14 billion due to the high sales in the Indian and Chinese markets, thus they want to further more invest in these markets as they have foreseen a great sales rate

Mr. Lewis Booth, Chief Financial Officer at Ford motors recently informed their investors that they are planning to cut their overall debt to $10 billion by 2015, with the major factor behind this being the sales in Indian and Chinese market.

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