Capitalism STILL Rules the Day!
DETROIT — Ford Motor Co.'s market momentum got a lift Monday by winning both the 2010 North American Car and Truck of the Year awards.
Ford's Fusion Hybrid midsize sedan took top car honors and its versatile Transit Connect compact van snagged truck of the year at the Detroit auto show.
Ford, the only U.S.-based automaker to avoid bankruptcy protection, has fared better than its two Detroit rivals, with overall sales down 15 percent last year compared with a 36 percent drop for Chrysler and a 30 percent decline for GM.
Ford's final month of 2009 was strong, with a 33 percent increase in sales thanks to strong demand for midsize cars. Last year, it gained U.S. market share for the first time since 1995, helped by critical raves for its fuel-efficient cars, like the midsize Fusion. Its compact Focus and popular Escape crossover also boosted sales.