10/2/2020, 3:34 PM (Source: TeleTrader)
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Ford's sales outperform competitors in Q3

Ford Motors Co. announced on Friday its vehicle sales in the third quarter of 2020 surpassed the industry average.

According to the Detroit-based company, its sales dropped only 4.9% compared to the prior year, approximately half of the decreases other automakers experienced.

"The industry had a very sharp recovery from Q2 to Q3. It's been a crazy year but the industry has been resilient and our dealers have done a great job," vice-president of Ford Mark LaNeve told CNBC.

Breaking the News / MD