Ford reports 154% sales increase

Ford reports 154% sales increase

JAKARTA: PT Ford Motor Indonesia (FMI) reported a record 154
percent increase in car sales for 2003, according to a press
release on Thursday.

The company booked sales of 4,046 vehicles last year compared
to 1,587 units in 2002. The first quarter of 2004 also started
strongly with 1,236 vehicles, a 105 percent increase compared to
the same period last year.

"Indonesia is a fast-growing and dynamic market for us and it
continues to grow from strength to strength," FMI's president
director Will Angove said in the statement.

Currently, FMI has launched four models: Escape, Everest, Lynx
and Ranger.

Angove added that Ford had invested some US$40 million in
land, buildings, facilities and equipment together with its
dealers.

"We have also taken initial steps toward establishing
Indonesia as one of the component suppliers for Ford plants in
Thailand and the Philippines," he said. -- JP