Ford EV and hybrid sales surge 65% in May
Publishing timestamp: 2024-06-04 11:16:21
Summary
Ford's U.S. new vehicle sales rose 11.2% last month, with strong growth in hybrid and all-electric models. Despite notable increases in EVs, Ford's Model E unit reported massive losses. The spike in hybrid sales is part of Ford's plan to focus on technology. Warren Buffett's Berkshire Hathaway owns 3% of the entire T-bill market.
Sentiment: MIXED
Tickers: F,
Keywords: transportation, united states, autos, environment, ford motor co, business news, breaking news: business, business, detroit,
Source: https://www.cnbc.com/2024/06/04/ford-us-may-sales.html