Ford Poised to Gain Market Share and Overtake GM

According to a recent Merrill Lynch report Ford is expected to gain market share in the next few years, while its domestic competitors, GM and Chrysler are expected to see declines.

The annual “Car Wars” study from Merrill Lynch claims that Ford’s market share could surpass GM’s. Over the next three years Ford’s share could go up three points to 18 percent, while GM would likely be around 15-16 percent.

“We continue to believe Ford is effectively executing on its restructuring plan, while bolstering liquidity, and view the results of our Car Wars study as further evidence that management is making all of the right moves,” Merrill Lynch analyst John Murphy said in a separate note to clients on Wednesday.

Full Story: Reuters