Ford sells 335,100 vehicles in 20 European markets in Q1April 14, 2015 - 17:26 AMT PanARMENIAN.Net - Ford's European business saw stronger sales in the first quarter as falling unemployment and cheaper energy put more money in car buyers' pockets, the Associated Press reports. Ford Motor Co. sold 335,100 vehicles in its 20 traditional European markets, a 12.5 percent increase over the same quarter a year ago. Ford of Europe's vice president of sales, Peter Fleet, says the increase is due mostly to a recovering economy, not low interest rates or economic stimulus programs. "Customers clearly have more money to spend," Fleet said in a conference call Tuesday, April 14, with journalists. Fleet cited a drop in unemployment to 9.8 percent in the 28-country EU and cheaper fuel as fundamental factors. He said quality of sales rose as well as quantity, with a higher percentage going to retail customers instead of rental firms. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | U.S. welcomes Armenia, Azerbaijan’s border delimitation announcement Blinken said it is an important step towards concluding a durable and dignified peace agreement. Residents Of border villages protest as Armenia, Azerbaijan agree on delimitation Residents of several Armenian communities in the northeastern Tavush province began protests late on Friday. European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. |