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Ford Predicts Its Will Soon Have the World's Best-Selling Car

Ford Motor Co. (NYSE: F) says its Focus is on track to become the best-selling car in the world this year, knocking Toyota Motor Corp.'s (NYSE: TM) Corolla from the top spot.

Ford sold more than 489,000 Focus sedans and hatchbacks worldwide in the first half of 2012. That was almost 27,000 more than the Corolla. Ford sells the recently revamped Focus in more than 100 countries. It is a strong seller in the United States, where Focus sales were 31% higher in the first half of the year when compared with 2011. However, the Corolla outsold the Focus in the U.S. by nearly 27,500 in the first half of this year.

Ford made its prediction at its Focus assembly plant in Rayong, Thailand, where Ford executives also celebrated the production of the 350 millionth vehicle Ford has made since its founding 109 years ago. The plant opened in May and is one of Ford's most advanced, with the capacity to produce 150,000 cars per year for sale in Australia and other countries in the region.

Ford is up about 1% in premarket trading to $9.41. The 52-week range is $8.82 to $13.05, and the mean price target is $13.50. Toyota is down fractionally to $79.60, in a 52-week range of $60.37 to $87.15.


Filed under: 24/7 Wall St. Wire, Autos Tagged: F, featured, TM

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tiredoffreeloaders

I owned a ford once but got tired of being found on road dead being a driver returning on feet so traded up to a Chevrolet Malibu.

September 26 2012 at 4:57 PM Report abuse rate up rate down Reply
steevohtc

truth is...the only reason ford can claim this is because the corolla has different names in different countries. The toyota Matrix is also a corolla hatchback.

September 17 2012 at 6:03 PM Report abuse rate up rate down Reply
unclesmrgol

I once owned a Chevy Vega. My Ford Taurus spent three months of its first year in the shop.
'Nuf said.

I buy foreign because they have better quality, and their stuff is NOT built by the UAW, which accepted stock Mr. Obama ripped from the hands of retirees on Main Street.

September 17 2012 at 4:50 PM Report abuse rate up rate down Reply
hfranssen

Why are people outside of the US buying more Ford Focus than Toyota Corolla? It seems that as a nation we prefer to buy foreign products rather than US made products even if American products are as good as or better than foreign products. The Japanese prfer to buy Japanese cars, the Germans German cars, the Koreans Korean cars. The share of US made cars is down from close to 95% in the 1960's to les than 50% today and falling. The US today makes cars which are equal (at times superior) in quality than similar priced foreign cars. Still, more than half of the US buyers continue to prefer foreign products while worrying about unemployment and outsourcing.
hfranssen

September 17 2012 at 9:39 AM Report abuse rate up rate down Reply