Ford Brutally Attacked By Media

Ford Brutally Attacked By Media

Ford has released good news recently, and investors have been rewarded. After it announced a sharp increase in July unit sales, the stock rose. However, The Wall Street Journal has just published a story which says Ford’s quality problems are severe, and may take years to solve. July sales rose 36.6% to 163,942. Part of the good news was that sales of the flagship F-series pickup spiked up by 21.1% to 63,314. The F-series has been the best selling vehicle in the U.S. for over four decades. Sales of Ford’s EVs, the key to its future, also rose, albeit in small numbers. Sales of the new F-150 Lightning, which many analysts believe is the key to Ford’s future, were 2,173. Supply chain problems have undermined Ford’s ability to deliver more. …
More on: 247wallst.com