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Ford reports 7.7% increase in third-quarter sales

  • Ford Motor’s third-quarter U.S. new vehicle sales increased 7.7% compared to a year earlier, driven by increased sales of trucks across its lineup.
  • An ongoing strike by the United Auto Workers union against the Detroit automakers, including Ford, was not expected to directly impact sales during the quarter.

DETROIT – Ford Motor’s third-quarter U.S. new vehicle sales increased 7.7% compared to a year earlier, driven by increased sales of traditional pickup trucks across its lineup.

The Detroit automaker on Wednesday reported a 15.3% increase in truck sales compared to a 5.1% decline in cars and sales of SUVS that were essentially flat.

An ongoing strike by the United Auto Workers union against the Detroit automakers, including Ford, was not expected to directly impact sales during the quarter.

This is a developing story. Please check back for additional updates.

Source: Business - cnbc.com

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