Ford Motor Co., banking on a sales rebound to avoid taking US federal aid, lowered its forecast for 2009 U.S. auto sales in an annual regulatory filing today.
Ford said it now expects the total U.S. car and truck sales to fall as low as 10.5 million vehicles this year, a reduction of 1 million from a forecast the company issued only in January. Expecting auto sales will rise in the second half, the Dearborn, Michigan- based car maker continued to project a high-end estimate of 12.5 million vehicle sales in the U.S. this year.
Full story: Bloomberg.com
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