Ford's stock slumps after July sales show a decline
Shares of Ford Motor Co. dropped 2% in morning trade Tuesday, after the automaker reported a decline in U.S. vehicle sales in July, led lower by a drop in retail sales. Total company sales fell 3% from a year ago to 216,479 vehicles, as a 6% drop in retail sales to 161,158 vehicles offset a 6% increase in fleet sales to 55,321. Truck sales increased 4.8% to 87,104 vehicles, while SUVs dropped 5.6% to 69,521 vehicles and cars fell 9.3% to 59,854 vehicles. After Ford reported second-quarter results late week... Читать дальше...
