Ford Motor (F) Sales Down 10%
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Ford Motor Company's (NYSE: F) said dealers delivered 182,259 vehicles to U.S. customers in November, down 10 percent compared with a year ago.
November car sales were 3 percent lower than a year ago. Truck sales were down 13 percent.
In the fourth quarter 2006, the company plans to produce 620,000 vehicles (240,000 cars and 380,000 trucks). This plan is 15,000 units lower than the previously-announced plan reflecting the temporary suspension of Freestar production at the Oakville Assembly Plant (Ontario, Canada).
In the first quarter 2007, the company plans to produce 750,000 vehicles (240,000 cars and 510,000 trucks). In the first quarter 2006, the company produced 876,000 vehicles (316,000 cars and 560,000 trucks). Earlier, the company indicated first half 2007 production would be 8-12 percent lower than the first half 2006. The first quarter 2007 plan is consistent with the high end of this range.
November car sales were 3 percent lower than a year ago. Truck sales were down 13 percent.
In the fourth quarter 2006, the company plans to produce 620,000 vehicles (240,000 cars and 380,000 trucks). This plan is 15,000 units lower than the previously-announced plan reflecting the temporary suspension of Freestar production at the Oakville Assembly Plant (Ontario, Canada).
In the first quarter 2007, the company plans to produce 750,000 vehicles (240,000 cars and 510,000 trucks). In the first quarter 2006, the company produced 876,000 vehicles (316,000 cars and 560,000 trucks). Earlier, the company indicated first half 2007 production would be 8-12 percent lower than the first half 2006. The first quarter 2007 plan is consistent with the high end of this range.
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