Ford Motor’s finance unit was able to raise $1 billion during the first sale of benchmark 10-year bonds.
The auto manufacturing division of Ford had the best September for small car sales in 10 years time and a 73% increase over September of 2011. Ford believes this is due to the rising and sporadic costs of gasoline and that customers have become more conscious of their fuel consumption.
“Fuel economy remains one of the most important features customers want most today,” Ken Czubay, Ford vice president for US marketing, told media.
The F-Series pickup truck continues as Ford’s best-selling vehicle in the U.S., selling over 55K units during September. The Ford Escape also had a good month with a sales increase of 14% and creating a record for September sales with 23,148 units sold in the U.S. Utility vehicles in general saw an 8.7% percent sales increase, including Escape, Explorer and Edge models.
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