Ford October sales fall 31 percent
Friday November 1, 12:12 pm ET
biz.yahoo.com
DEARBORN, Mich., Nov 1 (Reuters) - Ford Motor Co. (NYSE:F - News) said on Friday its U.S. vehicle sales fell 31 percent in October from the same month last year, when industry-wide sales hit a record high.
The world's No. 2 automaker, which is struggling to implement a multiyear turnaround plan after a $5.45 billion loss in 2001, said its October sales totaled 287,975 vehicles, including its foreign brands Jaguar, Land Rover and Volvo, and some heavy trucks.
Ford said its car sales, which it has sought to boost with aggressive incentives including interest-free loans, fell 34 percent to 104,621, while truck sales were down 29 percent at 183,354.
Other leading automakers were due to report October results later Friday. Industry analysts have forecast sales for the month will come in at a seasonally adjusted annual rate of 15.8 million vehicles, well off last October's record rate of more than 21 million and down about 5 percent from September's rate. |
