Ford Motor Co. Increases Sales Targets by 50% Over the Next Four Years

“Ford CEO Alan Mulally will tell investors his company plans to increase sales by 50 percent over the next four years, CNBC has learned.

Ford [F  13.91   -0.10  (-0.71%)   ] is targeting annual global sales of 8 million vehicles by 2015. Last year, Ford sold 5.3 million cars, trucks, and SUVs around the world.

Mulally’s growth plan hinges on a rapid expansion in Asia and Africa as well as increased sales of small cars.

By the end of the decade, Ford expects 55 percent of the vehicles it sell around the world to be small cars.

China, India and the developing markets in Asia and Africa have long been areas where Ford has trailed competitors. The company only gets 15 percent of its global sales in those regions, but it is planning to double that figure to 30 percent by 2020.”

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