Ford reported a 10.2% decline in July U.S. vehicle sales, which the company says was intentional due to phasing out two models and reducing low-margin rental fleet sales. Despite the drop, Ford calls it a "good sales month" as part of a strategy to make room for new product launches by the decade's end. The automaker's year-to-date sales are down 9.7%, impacted by past production issues and a slowdown in electric vehicle sales. Without these planned cuts, Ford's sales decline would have been less than 1%, slightly better than the overall industry decline of about 2%.
Automaker stocks, including Stellantis, General Motors, and Ford, reversed Thursday's gains in Friday trading as a rotation trade into cyclicals unwound without new company news. Stellantis and GM led the decline, both down 4%, while Ford fell 2%, al...
Ford's dividend yield appears very attractive, ranging from 4.44% to 5.61%, but the regular quarterly dividend of $0.15 per share is well covered by the company's adjusted free cash flow and earnings from its finance arm, Ford Credit. The company exp...
