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0.000370364654866396 -0.000401228376105331 0.00057869477322883 -1.54318606193989E-05 -0.0048301723738831 -0.00195984629866819 -0.000401228376105331 0.00114195768583826
Stock impact report

Ford November sales down on EV demand hit, following Hyundai and Kia [Yahoo! Finance Canada]

Ford Motor Company (F) 
Last ford motor company earnings: 4/28 04:09 pm Check Earnings Report
US:NYSE Investor Relations: shareholder.ford.com
Ford's ( F ) November US sales took a slight hit as its EV sales slide continued, a trend that also has rivals suffering. Ford reported November sales dipped 0.9% to 166,374 units sold, with SUVs like the Explorer and pickups like the Ranger and Maverick leading sales. However, EV sales tumbled 60.8%, accelerating the same trend seen in October as consumers sour on EVs, at least at the moment, following the expiration of the EV tax credit at the end of September. Sales of Ford's volume EV, the Mustang Mach-E, slid nearly 50% to just over 3,000 units sold; meanwhile, sales of the F-150 Lightning EV pickup shed over 70% to just over 1,000 trucks sold. It's a big reversal for Ford's EV business, which saw a massive run-up in sales in the third quarter, with EV sales jumping 30% Ford Motor Company (F) Despite the strong electrified vehicle sales in Q3, its EV business — known as Model e — lost $1.4 billion last quarter. And with sales slumping post tax credit, Ford has paused p Show less Read more
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