Ebeling Heffernan issued a strong buy on F sometime ago and the stock has been part of  Paul Ebeling’s alerts on a regular basis, we also published an in depth look at whats happening at Ford Motor Co (F) , today Ford posted a 43 percent surge in its February U.S. sales on Tuesday, outselling General Motors Co GM.UL, and also set higher second-quarter production targets for North America. Our Strong Buy rating was first posted at $3.80 with a short term target of $10 and a long term target of $25. we standby that call long term and predict a $15.50 short term price. Currently the stock is trading at $12.62

Ford said it plans to build 595,000 vehicles in North America in the second quarter, up 32 percent from a year earlier.

Ford, the only major U.S. automaker to avoid bankruptcy in 2009, said U.S. sales rose 43 percent to 137,644 vehicles for its Ford, Lincoln and Mercury brands.

Including Volvo, U.S. sales rose 43 percent to 142,285 units in February from 99,400 a year earlier, the automaker said.

GM reported earlier on Tuesday its February U.S. sales rose 12 percent to 141,951 vehicles.

Ford said its U.S. market share for February is estimated at 17 percent, up 3 percentage points from a year ago.

Ford shares were down 0.4 percent at $12.36 on the New York Stock Exchange at midday on Tuesday.

Posted by Shayne Heffernan on Mar 2nd, 2010and filed underLatest News, USA.You can follow any responses to this entry through theRSS 2.0You can leave a response by filling following comment form or trackback to this entry from your site