Ford execs predict 'steady' U.S. growth, more competition
Automotive News
January 14, 2013

DETROIT (Reuters) -- Ford Motor Co.'s top executives predicted steady, consistent growth in the U.S. auto market this year and remained confident in the company's earnings prospects despite increasingly tough competition in the region.

U.S. auto sales reached their highest level since 2007 last year and industry analysts and executives expect the region to make further gains in 2013. As the European auto market weakens, the U.S. market is emerging as the most attractive region for global automakers.

Last week's decision by the automaker to double its quarterly dividend signaled confidence in its earnings outlook, Ford Chairman Bill Ford said on the sidelines of the Detroit auto show on Monday.

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