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 | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |