CHICAGO,Aug. 13 (Xinhua)-- U.S. automaker Ford Motor Co. announced Thursday
that it is boosting third-quarter production in North America by another 10,000
units to meet increased demand for its vehicles.
According to Ford Americas President Mark Fields, the company's
third-quarter production goal is now 495,000 units, about 18 percent higher than
a year ago.
Ford also increased its production targets for the fourth quarter to
570,000 vehicles, a 33 percent increase over the same period last year.
Ford is one of the biggest beneficiaries of the federal government's "cash
for clunkers" program. Its Ford Focus compact has been one of the most popular
choices for customers taking advantage of the program, which provides up to
4,500 U.S. dollars to motorists trading in gas-guzzlers for new, more
fuel-efficient vehicles.
On Friday, U.S. President Barack Obama signed into law a 2-billion-dollar
extension of cash for clunkers program after Transportation Secretary Ray LaHood
warned Congress the program was about to use up the initial 1 billion dollars
allocated by lawmakers.