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Chinese government-aligned experts are stressing that the U.S. will need to negotiate a trade agreement with Asia's largest economy.China Economyread more
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Ford's better-than-expected September sales combined with an 11 percent dip in business last month for General Motors has closed the gap between America's top two automakers. In fact, General Motors outsold Ford by just 2,049 vehicles in the U.S. last month. That's close enough that it raises the question of whether Ford has the ability to catch General Motors and become the best-selling automaker in America.
Kurt McNeil, vice president of U.S. sales for GM, said he isn't worried. "You've got to take a little longer view on it. Some of our competitors were extremely aggressive in the incentive spend," said McNeil. "If you look at the quarter we were up 13 percent. The industry was up 10 percent."
Few in the industry expect Ford to catch General Motors anytime soon, mainly because it doesn't have as much capacity in North America. That said, Ford has been steadily closing the gap with GM and many believe that will continue to be the case in the near future.