"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Tuesday, September 04, 2007

Ford US sales drop off cliff in July.

"The weakened national economy has had the same effect on Detroit as always. It’s still true – when the nation catches a cold, Detroit catches pneumonia. "

Mayor of Detroit Kwame M. Kilpatrick
2002-2003 Budget Message

Ford Motor Co.'s sales dropped 14.4 % in August which they have blamed on declining sales as they wean themselves off low-profit sales to rental and fleet buyers.

1. Car sales fell 33.7 % 64,864 versus the same month last year.

2. Light truck sales slipped 2.3% to 152,572.

In August, sales to individual retail customers were down 13 % , but daily rental sales dropped 44 %.

Ford plan to close 16 factories by 2012 and saw sales decline 12% in the first 8 motnhs of 2007
Ford's two top-selling cars, the mid-sized Fusion and the small Focus, both saw big declines in August, with the Focus down 14.7 percent and the Fusion off 19.1 percent.

Ford have announced in a desperate sales boosting measure running through september to Oct. 1st that offers up to $1,000 (€736) cash incentives on most 2007 and 2008 models on top of all existing sales and lease offers.

No other vehicle manufacturers have posted August sales figures yet.

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(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish