• About
  • Privacy & Policy
  • Contact Us
Procurement Nation
  • Home
  • Suppliers
  • Procurement
    • Shipping
    • Best Procurement Software
    • Supply Chain
      • What is supply chain management?
      • Tyson Foods Food Supply Chain
  • Markets
  • Banking
  • Contact Us
No Result
View All Result
  • Home
  • Suppliers
  • Procurement
    • Shipping
    • Best Procurement Software
    • Supply Chain
      • What is supply chain management?
      • Tyson Foods Food Supply Chain
  • Markets
  • Banking
  • Contact Us
No Result
View All Result
Procurement Nation
No Result
View All Result

Ford posts 7% fall in 2021 U.S. auto sales

Mark White by Mark White
January 5, 2022
in Supply Chain
0


The Ford logo is seen at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2019. REUTERS/Brendan McDermid

Register now for FREE unlimited access to Reuters.com

Jan 5 (Reuters) – Ford Motor Co (F.N) reported a 6.8% fall in 2021 U.S. vehicle sales on Wednesday, as the automaker struggled to deliver its cars and trucks due to lingering supply-chain bottlenecks and a global chip shortage.

The Detroit automaker sold 1,905,955 vehicles in 2021, ending up behind new U.S. leader Toyota Motor Corp (7203.T) and rival General Motors Co (GM.N). Ford had sold 2,044,744 vehicles a year earlier.

Total U.S. light vehicle sales for 2021 were just under 15 million, according to Wards Intelligence, below the five-year average of 17.3 million from 2015 to 2019.

Register now for FREE unlimited access to Reuters.com

Sales of Ford’s Mustang Mach-E electric crossover came in at 27,140 for 2021. The company plans to triple the annual production of the electric crossover to more than 200,000 by 2023, to meet better-than-anticipated demand. read more

Ford has been sharpening focus on its electric vehicle strategy and said on Tuesday it would nearly double annual production capacity for its red-hot F-150 Lightning electric pickup to 150,000 vehicles. read more

Its shares recovered from early weakness to trade 1% higher on Wednesday at their highest level since 2001.

They gained 136% in 2021, outperforming GM’s 40.8% rise and EV leader Tesla Inc’s (TSLA.O) 49.7% jump, as investors bet buyers will lap up the electric version of the F-150. read more

“I think there’s optimism with GM as well, especially compared to pre-2021, but lately Ford is enjoying the better sentiment” due to its aggressive electrification strategy, Morningstar Research analyst David Whiston said.

Register now for FREE unlimited access to Reuters.com

Reporting by Nathan Gomes and Aishwarya Nair in Bengaluru; Editing by Sriraj Kalluvila and Aditya Soni

Our Standards: The Thomson Reuters Trust Principles.



Source link

Previous Post

Nike sues Lululemon over Mirror Home Gym

Next Post

Taiwan to set up $200 mln fund to invest in Lithuania amid dispute with China

Mark White

Mark White

Mark White is the editor of the ProcurementNation, a Media Outlet covering supply chain and logistics issues. He joined The New York Times in 2007 as an commodities reporter, and most recently served as foreign-exchange editor in New York.

Next Post
U.S. imposes arms embargo on Cambodia over Chinese military influence

Taiwan to set up $200 mln fund to invest in Lithuania amid dispute with China

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About
  • Privacy & Policy
  • Contact Us
Call us: +1 234 JEG THEME

© 2021 Procurement Nation - Supply Chain & Logistics News

No Result
View All Result
  • Procurement
  • Supply Chain
  • Logistics
  • Science
  • Technology

© 2021 Procurement Nation - Supply Chain & Logistics News