Ford Motor Company (NYSE:F): Delivers Best Hybrid Sales Quarter Ever

Posted On 24 Jul 2013

Tag: Ford Motor Company (NYSE:F), NYSE:F

Denver, CO, 07/24/2013 (Avauncer.com) –Shares of Ford Motor Company (NYSE:F) closed at $16.94 in its previous trading session. The shares fell down by 0.59%. F 52 week price range came to be at $8.82 to $17.29. The shares were thinly traded, with a volume of 35.02 million shares, while the average volume of shares 38.02 million shares.

Ford says that it will hire near about 800 engineers, computer specialist and other salaried workers in US. Initially it had planned to hire 2,200 workers but as the demand of the Ford new vehicle grows it would be hiring 3,000 salaried workers. US auto sales went up 8 percent. Ford’s sales rose by 14%.

Ford delivers best hybrid sales quarter ever. It has set a record in the second quarter of 2013. Sales were up 15 percent over the first quarter of the year, as the demand grows across the United States.

It’s for the first time ever that the company has sold more than 24,000 hybrid vehicles. There has also been increasing demand for Ford C-MAX and Ford Fusion hybrid vehicles. The new hybrids are contributing to Ford’s growth and gain share while bringing new customers. The company’s strong product lineup has led US market of Ford’s share to grow at a faster rate than its competitors, gaining nearly full percentage point through the first half of the year. The company posses’ six electrified vehicles choices available in US market including Ford C-MAX and Ford Fusion hybrid vehicles. Ford Fusion Hybrid is America’s most fuel-efficient midsize hybrid.

After successfully completing the development of hybrid system project with Toyota, Ford is looking forward on its own with the development of a rear wheel drive system. Ford and Toyota will continue to work together in the development of next generation standards providing back-end support services and Internet based information to the consumers.

Moreover, Ford is attempting to fix the problem with little success, which it had faced as the proposed class action lawsuit was filed against the company. The suit address that MyFord Touch and the Locoln system are defective. The largest complaint being that the system freezes periodically and fails to respond to voice commands.

About the Author

Karen Kinsey with a degree in journalism. She ended up going into the education field and has been a teacher for the past six years. Karen Kinsey is a television producer, writer, editor, professor, wife, mother, sister, daughter, friend and longtime, diehard Phillies fan. Karen Kinsey writings have been featured in such mainstream media as The Guardian, USA Today, Global Times, China Daily, Beijing Review, among others.