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
Keywords: transportation, business, earnings, united states, autos, hyundai motor co, breaking news: business, ford motor co, business news, tesla inc, lobo ev technologies ltd, general motors co,