The big three U.S. automakers - General Motors Co, Ford Motor Co and the U.S. operations of Fiat Chrysler Automobiles NV - reported a jump in September sales on Thursday as cheap gasoline and ultra-low interest rates drove demand for sport utility vehicles and pickup trucks.
Ford Motor Co reported a first-quarter profit that was less than analysts expected, selling fewer vehicles in North America as it worked to increase production of the redesigned F-150 pickup truck, and losing money in South America.
Before Apple Inc. decides to move ahead with its Project Titan project and build an electric car, the company may want to look at the menu of challenges that come with being in the automobile business these days.
Ford Motor Co. beat analysts’ estimates for the fourth quarter and said assembly of the aluminum-bodied F-150 is going “extremely well,” even as the second-biggest U.S. automaker grapples with losses in Europe and South America.
Ford Motor Co., starting to ship its new aluminum-bodied F-150 pickup, fell as much as 4.4% after Deutsche Bank AG downgraded the automaker on concern that the truck won’t command premium prices amid low fuel costs.