Ford Gets Beaten Like A Mule In China
Stocks: (F)(GM)(TM)
It is not enough that Ford loses more market share to Toyota almost every month in the US. Now, word comes that Toyota is bloodying the competition in China as well. The Japanese car company's sales in the world's largest market doubled in the first nine months of this year. The overall market in China grew only 34% during the period.
Ford sold 114,685 units in the first three quarters. Toyota sold 203,000.
GM and VW are currently the market leaders among foreign car companies in Japan, but Toyota is gaining quickly.
Ford needs a win somewhere, but, it appears that it won't happen in the US or China.
There's always Europe.
Douglas A. McIntyre can be reached at douglasamcintyre@247wallst.com. He does not own securities in companies that he writes about.
It is not enough that Ford loses more market share to Toyota almost every month in the US. Now, word comes that Toyota is bloodying the competition in China as well. The Japanese car company's sales in the world's largest market doubled in the first nine months of this year. The overall market in China grew only 34% during the period.
Ford sold 114,685 units in the first three quarters. Toyota sold 203,000.
GM and VW are currently the market leaders among foreign car companies in Japan, but Toyota is gaining quickly.
Ford needs a win somewhere, but, it appears that it won't happen in the US or China.
There's always Europe.
Douglas A. McIntyre can be reached at douglasamcintyre@247wallst.com. He does not own securities in companies that he writes about.
posted by douglas mcintyre at 5:54 AM
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