Ford sold 5.3 million vehicles last year, but wants to sell 8 million in the next five or six years, more than one-third of its sales to come from its Asia Pacific and Africa region by 2020.
President Obama visits a Chrysler plant in Toledo, Ohio, to extol the success of the auto bailout. But new figures released Friday put the unemployment rate at 9.1 percent.
Slowdowns in car sales, manufacturing, home sales, and job creation collectively shook the stock market. Both the Dow and S&P 500 fell more than 2 percent Wednesday.
The Dow plummeted by more than 2 percent on Wednesday, losing about 279 points, after Moody's cut Greece's bond ratings
After rising more than 75 points on Tuesday, the Dow dropped 130 points on Wednesday
Dow closes up 54 points, after moving more than 170 points higher. For the week, all three major US indexes fell more than 1 percent.
General Motors did well in the key North American market, thanks to strong sales, but growth slowed in China and the company lost money in Europe. The company's stock price fell 2.5 percent.
Fuel-efficient cars – like Chevy's Cruze, Hyundai's Elantra, and Ford's Focus – led an estimated 19 percent car sales increase in April. GM says rising gas prices started pushing drivers into fuel-efficient cars in March.
Dow is virtually unchanged, while S&P and Nasdaq fall. Silver falls more than 7 percent.
Despite the fact that four-wheel drive is no longer necessary to navigate Nairobi's roads, SUVs are an increasingly frequent sight on the streets.