Wednesday, December 09, 2009
Ford chief says 2010 will be a 'difficult' year
Ford of Europe chief John Fleming has said vehicle sales should recover at some point in 2010 or 2011 but added that an underlying weak economy made forecasting for next year difficult.
Speaking during the Goldman Sachs Global Autos Conference in London, Mr Fleming said the phase-out of various scrapping incentive schemes in a number of European countries also made it difficult to estimate demand for new vehicles next year
Additionally, he added, that he expected General Motors' Opel/Vauxhall brand to remain an 'important and strong competitor'.
DATED: 09.12.09
FEED: AW
