Ford Motor Co. (NYSE: F) Sees 27% Sales Increase in Africa and Asia

Ford Motor Co. (NYSE: F) announced on Monday that it saw a 27% increase in sales in the Asia-Pacific and African regions during the month of September as a result of strong sales in China and India and strong demand for its new Ford Fiesta sub compact vehicle.

The Dearborn, MI-based automaker said that it sold 78,700 vehicles during the month of September in the region. The company also said that sale rose during the first three quarters of the year by 40% to 651,857.

Ford said that its India and China sales increased by 50% during the first three quarters of the year to 482,129 vehicles. Ford spent $500 million year to date to double its production capacity, launch the new Ford Figo and increase its engine production.

“With the launch of the new Fiesta in Southeast Asia and the continued strong growth in India and China, we had our best sales month ever in the Asia-Pacific and Africa region,” said Joe Hinrichs, president of Ford Asia-Pacific and Africa, in a statement.

Ford Motor Company (Ford) is a producer of cars and trucks. Ford and its subsidiaries also engage in other businesses, including financing vehicles. It operates under two segments: Automotive and Financial Services. The Automotive segment includes the operations of Ford North America, Ford South America, Ford Europe, Ford Asia Pacific Africa and Volvo. The Financial services include the operations of Ford Motor Credit Company and Other Financial Services. In August 2010, the Company completed the sale of its Swedish Volvo Car unit and related assets to China’s Zhejiang Geely Holding Group Co.

Shares of Ford (NYSE: F)  traded up 0.88% during mid-day trading on Monday.