Archive for the ‘Figo’ Category

Despite the general unpleasantness that's plagued the auto industry for over a year, Ford is doing comparatively well these days. In fact, given the gradually rebounding global economy and Ford's new strategic alliances in Asia, CEO Alan Mulally feels fairly optimistic about the next two years.

Mulally expects Ford to finish 2009 with a 16% share of the American auto market, based on estimated industry-wide U.S. sales of 10.5 to 11 million units. Although Ford hasn't posted an annual profit since 2005, Mulally says the company is on target to at least break even by calendar year 2011. The company recently instituted a $10 billion...

India’s role as an important player in the future of Ford’s new global strategy was underscored today when CEO Alan Mulally unveiled an all-new car targeted at the rapidly growing market. The car is the new Figo hatchback and is scheduled to enter production at a newly renovated plant in Chennai in India's southern region.

The Figo is designed and engineered to compete in India’s small car segment, which accounts for more than 70% of the new vehicle market. Sharing much in common with the globally-oriented Fiesta, the Figo also adopts the Blue Oval’s kinetic styling and could preview a new low-cost model to be sold...