Ford Motor (F) Set To Post First Sales Increase In Years
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Ford Motor Co (NYSE: F), the only Big 3 automaker that did not receive a federal bailout, is set to post its first monthly U.S. sales increase since 2007 due to the success of the "cash for clunkers" program.
Ford will post its July monthly sales results today at 11am. Industry sales are expected to show a run-rate of 10-11 million units, the best showing this year.
The fate of the "Cash for Clunkers", which has seen the original $1 billion in funds exhausted, lies in the hands of the U.S. Senate. On Friday, the U.S. House of Representatives approved an additional $2 billion for the successful program, now it is up to the Senate to make it law. The "Cash for Clunkers" program gives consumers vouchers for as much as $4,500 to trade in their gas guzzling cars and trucks for new, more fuel-efficient models.
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cash for clunkers
jimwhenry on Aug 6, 2009 12:28 AMProgram runs through Nov 1, 2009 or when the funds are exhausted, whichever comes first. Henry Blogger www.cashforclunkersfacts.info http://www.cashforclunkersfacts.info