WASHINGTON, Feb 3: Ford Motor Co. said on Tuesday its January US sales plunged 40.2 per cent from a year ago amid deepening troubles for the auto industry and a brutal economic downturn.

Ford said it delivered 93,506 new vehicles in the month, including domestic nameplates and its Volvo brand. The number two automaker however said that it sees some signs of stabilisation in the market and that its share of the US market is edging higher.

“During the last four months, retail demand appears to have stabilised, and the strength of our new products is a key reason we’re growing our share in these challenging market conditions,” said Ken Czubay, Ford vice

president.—AFP