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Ford (NYSE:F): The company has intentions to import its EcoSport compact crossover from India for the European market, where the vehicle is to compete in a growing segment, stated a top executive on Tuesday. The EcoSport was showcased at the Geneva car show, and it is to be built in Ford’s factory in Chennai, India, stated Stephen Odell, chief of Ford of Europe. The vehicle is scheduled to be launched in Europe during late 2013. The EcoSport is a main part of Ford’s strategy to hold its market share in Europe, where an economic downturn sent vehicle sales into a decline. Ford will expand its SUV lineup, and it has intentions to sell 1 million SUVs in Europe by 2017.
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