Ford European sales down 17 percent in June - Toledo News Now, Breaking News, Weather, Sports, Toledo

Ford European sales down 17 percent in June

Posted: Updated:

BERLIN (AP) - Ford Motor Co. says sales were down 17 percent across its main European markets in June as scrappage schemes expired and the economy showed feeble growth.

The company said Tuesday 118,800 new Fords were registered last month in 19 European countries - 24,400 fewer than a year earlier. For the first half, Ford said new registrations in the main European markets were down by 3.9 percent, or 29,300 vehicles, to 716,900.

Ford said it is doing well in growth markets and increasing volumes and market share in Russia, Turkey and Spain.

Ford of Europe Vice President Ingvar Sviggum said that "we will not sacrifice profitability for volume or share."

He added that "unsustainable heavy discounting" damages brand reputations and further weakens the market.  

Copyright 2010 by The Associated Press. All Rights Reserved.