Shares of Ford Motor Company rose 2.1% on Friday after the automaker reported 3Q US sales data which reflects the industry’s stronger-than-expected recovery from the COVID-19 pandemic. The company noted that though its US auto sales fell 4.9% to 551,796 units year-on-year, it significantly outperformed an industry decline of 10%.Ford’s (F) 3Q sales data also reflected a robust sequential improvement of 27.2%. Strong demand for pickup trucks and sports utility vehicles mainly boosted the second-largest US automaker’s 3Q sales.The combined sales of F-Series and Ranger pickup trucks increased 4% to 249,997 units year-over-year. Sales for F-Series pickup trucks grew 3.5% …read more
Source:: Yahoo Finance
