Ford Motor Company (F)

[DiscoverGold]

Ford's US vehicle sales slip 0.5% in November
By: Investing | December 4, 2023

(Reuters) -Ford Motor posted a 0.5% drop in U.S. new vehicle sales for November on Monday, as the automaker worked to restart some of its key plants following a lengthy workers' strike that impacted vehicle production.

Ford (NYSE:F) reached a deal with the United Auto Workers (UAW) union in late October, ending an over month-long strike the company said will cost it $1.7 billion. Sales also fell 5.3% in October, although analysts said the Detroit Three automakers had built up inventory in anticipation of the strike.

Ford's CFO John Lawler said in October restarting the plants would be complicated after the deal, which UAW workers ratified in November.

The automaker said in November that all its affected plants had been restarted.

Sales of Ford's electric vehicles jumped 43.2%, to 8,958 units from a year ago, the automaker said on Monday.

Sales of its trucks slipped 2.8%, to 78,971 units, for the same period.

The company reported total sales of 145,559 vehicles in November, compared with 146,364 units last year.

Read Full Story »»»

DiscoverGold