Ford Sales Soar In Wake Of Toyota Woes

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March 2, 2010

Ford posted a 43 percent jump in February U.S. auto sales and outsold General Motors for the first time in nearly a dozen years as it grabbed sales from struggling Toyota.

Ford Motor Co.'s sales surged thanks to strong demand for its cars and because it was able to grab some customers from Toyota Motor Corp., whose sales fell 9 percent due to a massive safety recall. Ford sold 334 more cars than GM in the U.S. for the first time since August 1998, when GM was in the midst of a strike.

Besides Ford and GM, other winners included Kia Motors Corp., Honda Motor Co. and Nissan Motor Co. Even struggling Chrysler saw improvement.

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