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Ford Stock (NYSE:F) Slides Despite August Sales Growth Amid Recall Concerns
Ford Stock (NYSE:F) Slides Despite August Sales Growth Amid Recall Concerns
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BTCCSquare news:
Ford Motor Company reported a 4% year-over-year increase in August sales, with Ford-branded vehicles climbing 5%. Standout performers included the Expedition, soaring 53.7%, and the F-150 Lightning, which saw a 21.2% sales bump. Electric vehicle demand appeared strong ahead of expiring tax credits, with Mustang Mach-E deliveries jumping 35.3%.
Lincoln sales dragged on results, falling 14.9% overall. The luxury division saw only two models—Navigator and Corsair—post gains. Investors shrugged off the positive sales report, sending shares lower in Wednesday trading as another vehicle recall overshadowed results. The recurring safety issues raise concerns about mounting warranty costs ahead of full-year earnings.
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