Ford Motor Co.
) recently inaugurated a new showroom, sales and service facility
in Battaramulla in Colombo, Sri Lanka. The 6,000 square feet
showroom has the capacity to display 12 vehicles, while the
full-service facility has a 14 vehicle capacity.
Ford is aiming at increasing its focus on the Sri Lankan market.
The company plans to expand its product line up and further enhance
its after-sales services. Ford will also add four new service
points to its network to enhance customer satisfaction.
The automaker displayed its vehicle line up during the
inauguration of the facility. It also revealed that it will launch
the new Mustang in Sri Lanka in 2015.
Ford is currently undergoing a massive industrial expansion. The
company expects almost 60-70% of its global growth in this decade
to be contributed by Asia-Pacific.
Moreover, the Asia-Pacific region is expected to generate about
40% of Ford's vehicle sales in the next 4 to 5 years. The company
forecasts global sales to expand by 50% to 8 million vehicles by
2015, given the potential for growth in Asia and the rising demand
for small cars.
The automaker anticipates small cars to account for 55% of total
sales by 2020. One-third of small car sales are expected to come
Ford currently carries a Zacks Rank #3 (Hold). Some
better-ranked automobile stocks worth considering are
Fox Factory Holding Corp
Tower International, Inc.
). All these stocks carry a Zacks Rank #1 (Strong Buy).
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FORD MOTOR CO (F): Free Stock Analysis Report
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