FROM BUSINESS WEEK: Ford Motor Co. increased its first-quarter production target in Europe after sales of the Fiesta and Ka models surpassed forecasts, the carmaker’s chief executive officer for the region said in an interview.
Ford will produce 460,300 cars, or 4.6 percent more than originally planned, John Fleming, CEO of Ford of Europe, said before the Geneva auto show. With the increase, the company will make about 117,000 vehicles more than a year earlier, when it idled factories to reduce inventories.
“January and February, in truth, were higher than we expected,” Fleming said by telephone from Ford’s European headquarters in Cologne, Germany. MORE»
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