Ford Gains Market Share and Boosts Production

Ford gains Market Share - and has set its production sights higher than what they were last quarter. The struggling icon has shown fresh signs of resilience as it has ignored nay-sayers and has kept its foot on its pedal.

Ford has upped its production forecasts by 10,000 vehicles for the coming quarter to 495,000 and has set its fourth quarter productions targetted at 570,000 units - not a mean achievement for a brand that had taken its eyes off the quality ball in ambitious extravagance a few years back and had lost track. Ford, that lost its sheen then has steadily been on the decline, its fortunes getting only worse with the recession.

Having avoided Federal funding - the only car maker among the Big Three to do so - Ford has capitalised on the "Cash for Clunkers" bonanza and is cashing in on the new excitement on American roads. How far this monetary push will take Ford is a question on everybody's minds. For now, Ford is busy meeting new demand - and wouldn't complain on that either.

Geithner Pitches for Increased US Debt Limit

US Treasury Secretary Timothy Geithner is at it again – having gotten into financial crisis management mode ever since he tool office, he is setting it up for the US Debt limit to be increased.

The $787 billion package is still in the system pipelines before it could induce some of its desired effects towards economic recovery. The “Cash-for-Clunkers” bonanza to the ailing automobile industry cost an iitial $1 billion and now additional doses are being ramped up to boost auto fortunes.

Clearly, the Obama Administration is not going to stop shot of an all out effort at getting the economy back on track. Further fiscal or monetary stimuli would need hefty borrowings – and Geithner is busy doing the math and pitching his case for Congress approval.