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Ford sales grow by double digits in China, Canada

Ford sales grow by double digits in China, Canada

Ford Motor Co. said Thursday its quarterly sales grew by double-digit sales in China and Canada, and forecast the global automotive industry would post solid sales growth in 2010.
"What we're seeing is a very robust recovery in Asia and Brazil and still modest turnaround in Europe," Ford chief economist Ellen Hughes-Cromwick said in a conference call with reporters and analysts.
"Global sales this year are on track to achieve the 65 to 75 million unit range we outlined for you in our January sales conference call."
Global auto sales fell 5.1 percent to 61.9 million in 2009 amid a broad economic downturn, according to R. L. Polk and Co.
Ford said it delivered its best-ever quarterly performance in China in the first-quarter of 2010 with sales of its joint-venture and wholly-owned subsidiaries up 84 percent from a year earlier to 153,362 vehicles.
Ford brand passenger cars and commercial vehicles helped fuel the growth, rising 75 percent to 88,084 units, while its passenger car joint venture Changan Ford Mazda Automobile saw sales surged 89 percent to 108,131 units in the first quarter.
"It's clear that Chinese consumers truly appreciate the experience that our world-class Ford vehicles and technologies deliver," said Robert Graziano, chairman and CEO of Ford Motor China.
"We will be further expanding our Ford offerings by unveiling an impressive array of new products and technologies at the Beijing Auto Show, including the new Ford Edge featuring MyFord Touch and the next-generation Ford Focus for the China market."
Ford was the best-selling carmaker in Canada as sales rose 29.2 percent for the first quarter to 51,491 vehicles.