Ford Brand's U.S. Sales Surpass 2 Million Mark for the First Time Since 2007

With less than two days left before 2011 comes to an end and gives its place to a another new year, Ford announced that sales of the Blue Oval brand in the United States this week topped the 2 million mark for the first time in four years making it the best-selling vehicle brand in America. The last time any automotive brand managed to hit the 2 million sales milestone in the States in a single year was in 2007 -and again, it was done by Ford.
“Ford’s lineup of high-quality, fuel-efficient cars, utilities and trucks continues to attract more and more new customers,” said Erich Merkle, Ford’s sales analysis manager.
“With gasoline prices tracking higher than last year, customers continue to move toward smaller, more fuel-efficient vehicles, whether they are passenger cars or utilities," he added.
Up until the end of November, the Ford brand had sold 1,861,178 vehicles in America, representing a 17.7 percent increase over the same period last year.

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Saab Presents New Restructuring Plan to its Creditors

On Monday, Swedish Automobile presented the restructuring plan of Saab Automobile to the company's creditors at a preliminary meeting in Vanersborg, Sweden. Saab’s management informed the creditors about the key points of the reorganization process, which has the support both of the administrators who are overseeing the process as well as future owners Pang Da and Youngman.
The two Chinese companies have committed to provide €50 million (US $69.6 million) in order to fund the restructuring process. They have also pledge to give at least €600 million (US $835.8 million) in 2012 and 2013 to restart production and clear the carmaker of all its debts.
Pang Da and Youngman claim to have made plans to secure Saab’s future existence by expanding its model line-up and setting up new operations in China. Among other measures, the plan also calls for cutting operating costs by reducing the workforce by 500 employees.
The new owners plan to accelerate Saab’s penetration in the Chinese market as well as other emerging countries including Russia. They also want to restart production as soon as possible and reposition Saab as a “distinctive, near premium brand supported by a renewed and broadened portfolio”.
The sales target set for next year is a modest 35,000-55,000 units. For 2013, however, Saab is supposed to ramp up production and sales drastically, practically doubling 2012’s figures to 75-85,000 cars annually.
The next two years are seen by Pang Da and Youngman as “transitional” and they expect Saab to be profitable again by 2014. According to the plan they presented, they aim to vastly increase annual production to 185-205,000 units in the long run.
Somewhere in the statement, though, was a rather interesting statement: “Saab Automobile has not received the funds from Pang Da and Youngman that have been committed for today.”
You can make what you want of that. We sincerely hope that, even though it does sound ominously familiar, this is just a glitch and the deal will eventually go through.

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Automotive Cars News, Cool Car and Beautiful Girl

Cool Car and Beautiful Girl. Dress this beautiful girl in clothes, and pick her car. Designers often combine their passions for design with other passions in life and a good example of this is taking a love of cars and turning that love into 30 Most beautiful & Cool car wallpapers. Cars, Watches and other cool things. The aim of this blog is to find useful and Automotive Cars News, Cool Car and Beautiful Girl.

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Amazing Cars and Future Car Picture

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