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Monday, July 4, 2011

Ford Motor Company (NYSE:F) has good earnings for 2011 ?

Ford Motor Company (NYSE:F) India has announced 100,000 Figo sales.

Ford Motor Company (NYSE:F) Announces Sales Figures

Ford Motor Co.

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In a great achievement in the history of the Indian unit of Ford Motor Company (NYSE:F), the company announced that it has reached the milestone of 100,000 sales for the recently released Figo, the company’s hatchback. The company said that it will celebrate the achievement with a Pan-India drive.Apple iPhone 3G 8GB - Black - Unlocked

Nigel Wark, executive director, Marketing, Sales and Service, Ford Motor Company (NYSE:F) India, said that, “We are proud to have attracted 100,000 Figo customers in just 15 months. Through our 100-day road show, the Ford Figo ‘Bharat Yatra’, we will introduce the vehicle to even more Indian drivers, enabling them to see, first hand, what the buzz is all about”.

While all of the news surrounding June auto sales will not be known for another day, Ford (NYSE:F) has gotten the ball rolling with some positive results. The company announced sales of 194,114 units, up 14% from last year, and above the 192,000 sold last month. For Ford it would appear that the sales slump came to an end in May. The company recently gave indication that sales in the second half of the year will increase, which bodes well for Sirius XM Satellite Radio (NASDAQ:SIRI).

One thing that satellite radio investors always need to be sensitive to is the news cycle of the auto manufacturing channel. With close ties to the auto industry, Sirius XM will always be impacted by the news releases about car sales and production. By example, while the headlines for Ford are good, the headline for Honda is a warning that they expect to sell 36% less cars this summer when compared to last year.

Position – Long Sirius XM Radio, Long Ford , long jmba, long cmg , long jsda

Ford Motor Company (NYSE:F) stocks are currently standing at 14.02
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