As February vehicle sales figures trickle in today, Ford Motor Co. appears to be locking in a stronger marketshare position.
Ford outsold GM for the first time in more than a decade, selling 142,285 vehicles last month to GM’s 141,951.
Toyota sales, meanwhile, were expected to drop off as a result of multiple recalls of more than six million vehicles. GM, too, announced a recall today, of 1.3 million compact cars whose power steering could fail. Seems like Ford could piggyback off that announcement this month, and lengthen its marketshare lead.
Insiders are bailing out…. The headline might read “Auto Investors Run for the Hills” in anticipation of continued bad news. (now that I read the S-1 – I see your point) ‘(i) to repay certain of our indebtedness, (ii) to pay termination fees to each of our Equity Sponsors”. Your Not cynical JJ. Cheers