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| Ford market share grows in the US | Ford market share grows in the US |
| (about 1 hour later) | |
| Ford, the only one of the "Big Three" US carmakers not to have gone bankrupt, has reported its share of the US market in May was its highest since 2006. | Ford, the only one of the "Big Three" US carmakers not to have gone bankrupt, has reported its share of the US market in May was its highest since 2006. |
| Its sales of 155,954 vehicles in May were down 24% from the same month last year, but up 20% from April. | Its sales of 155,954 vehicles in May were down 24% from the same month last year, but up 20% from April. |
| Ford has decided to increase production to take advantage of the problems facing General Motors and Chrysler. | Ford has decided to increase production to take advantage of the problems facing General Motors and Chrysler. |
| On the day after filing for bankruptcy, GM announced May sales were down 30% from a year ago but up 11% from April. | |
| Chrysler had filed for bankruptcy on 30 April. | |
| GM sold 191,875 cars and light trucks during the month, with the worst performance coming from the brands it plans to get rid of: Pontiac, Hummer, Saturn and Saab. | |
| Earlier in the day it said it had reached a tentative agreement to sell Hummer, but did not identify the buyer or the value of the agreement. | |
| 'Future is now' | |
| Ford has given details of its planned production growth. | |
| It will make an extra 10,000 vehicles in the April to June quarter and 42,000 more than were planned for the following quarter. | |
| "At Ford, the future is now," said Ford's Ken Czubay. | "At Ford, the future is now," said Ford's Ken Czubay. |
| "New products account for 50% of our sales, and demand for these products is driving our market share gains," he added. | "New products account for 50% of our sales, and demand for these products is driving our market share gains," he added. |