- Ford Motor Co‘s (NYSE:F) U.S. sales for the month of May 2023 increased 10.7% year-on-year to 170,933 vehicles.
- Sales of electric vehicles declined 13%, whereas Hybrid vehicles jumped 20.5%.
- Internal combustion sales rose 11.1% to 154,774 vehicles.
- Also Read: Ford Reaffirms EBIT Outlook, Inks Lithium Products Supply Agreement With Nemaska Lithium
- Year-to-date sales of the automaker increased 8.8% to 830,841 vehicles.
- Ford’s first-quarter revenue increased 20% year-over-year to $41.5 billion, which beat consensus estimates of $36.03 billion.
- Also See: Ford Hits Blue Cross Blue Shield With Anti-Trust Lawsuit — Alleges ‘Conspiracy’
- Price Action: F shares are trading higher by 2.60% at $12.43 on the last check Friday.
Layoffs ‘Kill People’ And Big Tech Firms Are ‘Copycats’ In Making Decision, Business Professor Says
As the tech industry continues to shed jobs by the thousands, a business professor is sounding the alarm on the dangerous consequences of following the herd.
