Denver, CO, 06/11/2014 (Stocksntrade) – Ford Motor Company (NYSE:F) the car maker has been on a strong-roll in the recent quarters and continues to set the auto stock segment on fire. The key factor is the strong technical aspects and the beginnings of a break-out! Secondly, Ford is moving production of its Fiesta to Cologne, Germany, in a bid to save over $400 for the period 2017 to 2021.
The latest trading week, ending Friday, was a fine example of Ford’s upward surge story. The stock closed at 2.4% higher, with over all weekly movement reaching 5%.
For Ford to crest some good stock market milestones are the gushing sales figures from afar; as Chinese sales boom Ford has begun its ascendency and is expected by the optimists to crest the $20 psychological barrier.
Ford Motor Company (NYSE:F) has fared better across the Asian region and continues to thrive on European sales as well. Emerging markets too are beckoning Ford made cars and is likely to clock some good numbers in the coming quarters.
Cologne-only production of Ford Fiesta
Meanwhile, Ford hopes to remain competitive by moving the production of its Fiesta to Cologne, Germany. This will involve the production of the next generation model with exclusive-Cologne only production rights.
Ford Motor Company (NYSE:F) has reported sales in China rise by over 32% in a year to year comparison. Heading the sales was Mondeo model and Focus with 90% sales increase and 22% increase respectively. Retail sales have shown promising rise of 1.4% over month of May. The number of units sold was reportedly at 1774,889.
With the release of Lincoln round the corner in China, the numbers game will surge for Ford yet again.
Analysts believe that the company may have seen a sharp detour due to the GM and regulator pull-up in recent weeks. Besides, the valuation too appears to been amiss as other detracting news of fines and settlements hit the headlines. Ford definitely has the line-up and timing right this season to see a good rally!