ford战略分析报告－摩根斯坦利（ppt67）.pptVIP

Presentation to the Automotive News World Congress ;Disclosures;Disclosures;Disclosures;Overview;Global Light Vehicle Sales: Slow Growth;Global Sales Forecasts: 2003 - 2004;U.S. Sales;Japanese SAAR;Western European SAAR;Global Excess Capacity at 25%-30%or 20mm units;CapEx / DA FY2003E: OEMs Spending for Growth;Zero Sum Game;Modest Demand Growth;Light Vehicle Sales Trend Line Demand;Light Vehicle Sales Cycle: Trough to Trough;Weighted Median Age of a Vehicle vs. Sales;Off Lease Vehicles Begin to Decline;Average Maturity of Vehicle Loans (months);Taking Longer to Establish Consumer Equity;Eco