Third-quarter U.S. vehicle sales for Ford Motor declined 4.9% from a year ago, the automaker reported on Wednesday.
People walk by a Ford Escape SUV displayed during the media day for the Shanghai auto show in Shanghai, China, April 16, 2019.declined 4.9% during the third quarter from a year ago, the automaker said Wednesday.
An 8.8% increase in the Dearborn automaker's truck sales the past three months wasn't enough to offset a 10.5% decrease in SUV sales and a 29.5% drop in cars. Ford sold 580,251 vehicles in the third quarter compared to 609,934 a year ago. The Ford brand was down 5.6%, while the company's Lincoln luxury brand increased sales 11.7%
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ford forms JV with Mahindra for India businessFord Motor Co and Mahindra & Mahindra will form a joint venture company in India...
Read more »
Ford expects to book Q3 impairment charges of up to $900 million on India fixed assetsFord Motor Co. said Tuesday it expects to book an impairment charge of $800 million to $900 million related to fixed assets in its India Automotive operations. The charge is required based on held-for-sale impairment testing conducted in connection with the pending sale of assets to a joint venture in India that Ford is creating with Mahindra & Mahindra Ltd. , the company said in a regulatory filing. The charge will not result in cash expenditures, said the filing. Ford said it still expects about $11 billion in potential EBIT (earnings before interest and taxes) charges for a global overhaul of its operations, with a negative cash effect of about $7 billion. Shares were not active premarket, but have gained 19.7% in 2019, while the S&P 500 has gained 18.7%.
Read more »
Ford ties up with Mahindra in India to cut risks and costsFord Motor Co and Mahindra & Mahindra said on Tuesday they would form a joint ve...
Read more »
Weak oil prices hit Exxon's third-quarter earnings: filingExxon Mobil Corp's operating profits fell last quarter for the fourth conse...
Read more »