Ford Motor stated on Thursday it expects reduced profits per share in the first quarter and reduced pretax profit in 2017 because of higher costs on commodities, warranties and investments and a fall in sales volumes specifically fleet sales. Ford shares were low almost 1 percent at $11.66 in morning trading after the announcement, which
Ford stated Friday its U.S. sales increased 6.4% in June as sales of its F-Series pickups, assaulted last month by competing Chevrolet Silverado in an aggressive marketing campaign, rose 28%. Ford had sales of 240,109 new automobiles and trucks in June compared with 225,647 for the very same month a year earlier. Sales of the
Ford India recorded 47.5 percent jump in overall sales at 17,279 examples in May 2016 as compared to 11,714 examples sold in very same month last year. Domestic sales increased 22.3 per cent to 5,780 examples last month from 4,726 examples in the same duration a year earlier, Ford India stated. Exports throughout the month
Regardless of concerns that China’s economy is growing at a slower speed and in 2015’s volatility in China’s stock markets, need stays strong, especially in the so-called second-tier cities with populations of less than 5 million. Automakers are seeing strong sales of SUVs. General Motors’ published a 7.5 percent sales increase in April over a
Ford Motor Co.‘s net earnings more than doubled to $2.5 billion in the very first quarter on strong sales of trucks and SUVs globally. The firm’s pre-tax earnings of $3.8 billion was an all-time record for any quarter. Pre-tax earnings more than doubled in North America and Asia. Europe taped its finest quarter since 2008.