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Ford Launches Small Car in India; Sees U.S. Market Upturn

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Ford Motor Co will start production of a small car in India early next year, and its chief executive said the U.S. market had was showing signs of recovery and he expected industry sales to rise in the next two years. Reuters explains the No. 2 U.S. automaker is focusing on small cars, which it feels will increasingly drive sales, and chief executive Alan Mulally said the fast-growing Asia Pacific market will play a bigger role in Ford's global sales. Ford posted net losses totaling about $30 billion from 2006 through 2008. The only large U.S. automaker not to reorganize in 2009 through a government-supported bankruptcy, Ford has said it expects to return to at least break-even in 2011.
SOURCE:   Reuters