Ford Motor Company (NYSE:F)’S America President, Joseph Hinrichs, Predicts Company’s Sales To Hit 14-Year High In 2015

Albany, New York (09/26/2014) – Recently, Ford Motor Company (NYSE:F)’s America business President, Joseph Hinrichs, said that the company looks forward to the industry-wide auto sales in the U.S. to top 17 million in 2015. If this happens, it will be the maximum volume of sales for Ford in the U.S. since 2001. However, the company did not confirm the comments of its executive.

Close to a record of 18 million in 2015

While giving an interview to CNBC, Mr. Hinrichs said that they were predicting the sales next year to cross 17 million. He said that Ford U.S. was also preparing for that. On the positive side, he added, that some of the executives at Ford Motor Company (NYSE:F) were also expecting it to touch 18 million.

If 18 million actually happens for Ford in the U.S., it would be a record for Ford Motor Company (NYSE:F).

Hiring more employees: A preparation for a record?

Ford Motor Company (NYSE:F), which is the second biggest automaker in the U.S., is also in the recruitment process of 1200 workers at the truck and van factory situated in proximity with Kansas. This will be sum up the total number of employees in the U.S. to over 14, 000 since the year 2011. Ford had promised the United Auto Workers to do so, and in fact, the company has even exceeded its vow.

The Booming Auto Sales in the U.S.

Can Ford’s record be attributed to the booming auto sales in the country? Last month, the sales reached the landmark of 17.5 million vehicles. This is the highest since January 2006. In the Q2 2014, the production of motor vehicle increased to approximately $20 billion annualized rate. The facts were revealed by the Commerce Department.

However, Mark Fields, the Ford CEO, did not confirm the forecast of his executive. The spokesman of the company, Karl Henkel, meanwhile, said that Ford Motor Company (NYSE:F)’s views on the industry, as well as, the outlook will be confirmed during the Investor Day presentation on Monday, September 29, 2014.

About the Author

Viraj Shah has done M.Com (Finance) and currently pursuing CFP. He is a technical analyst who tracks US markets along with other global markets like India very closely. He is very passionate about stocks, real estate, and technology. He also believes that money can always be made in market.

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