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Ford January Sales Tumble 40%

However company says share of the U.S. market is edging higher

Ford Motor Co. said on Feb. 3 its January U.S. sales plunged 40.2% from a year ago amid deepening troubles for the auto industry and a brutal economic downturn.

Ford said it delivered 93,506 new vehicles in the month, including domestic nameplates and its Volvo brand.

The number two automaker however said that it sees some signs of stabilization in the market and that its share of the U.S. market is edging higher.

"During the last four months, retail demand appears to have stabilized, and the strength of our new products is a key reason we're growing our share in these challenging market conditions," said Ken Czubay, Ford vice president.

"We expect new, recent and future fiscal and monetary actions to help improve conditions in the second half of the year," Czubay said.

Copyright Agence France-Presse, 2009

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