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Ford's third-quarter sales up 0.7% as GM overtakes it in EVs - TL;DR CNBC

Ford's third-quarter sales up 0.7% as GM overtakes it in EVs

Publishing timestamp: 2024-10-02 13:53:52


Summary

Ford Motor lost its lead in electric vehicle sales to General Motors in the third quarter as its EV growth slowed. Ford reported a 0.7% increase in third-quarter U.S. new vehicle sales, including a 12.2% rise in EVs compared to the previous year. GM has been increasing its number of EV models, while Ford is focusing more on expanding hybrid models in the short term. Despite this, Ford maintains its No. 2 sales position behind Tesla.


Sentiment: NEUTRAL

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Keywords: transportationbusinessearningsunited statesautoshyundai motor cobreaking news: businessford motor cobusiness newstesla inclobo ev technologies ltdgeneral motors co

Source: https://www.cnbc.com/2024/10/02/fords-third-quarter-sales-up-0point7percent-as-gm-overtakes-it-in-evs.html


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