FOX Business Flash top headlines for February 2
Check out what’s clicking on FoxBusiness.com
Ford sales increased 2% in January as parts supply shortages continue to ease and production rates improve.
F-Series truck sales increased 8.8% over the same period last year, with 55,001 delivered.
A Ford spokesman said the uptick was driven by growing inventories and dealer stock.
Ford stock was up over 4% early Thursday on the news.
FORD CUTTING ELECTRIC MUSTANG MACH-E PRICES BY UP TO $5,900
Ford F-Series sales were up 8.8% in January. (Eric Thayer/Getty Images) The Bronco SUV also had a banner month. It has 10,170 deliveries, just three short of the Jeep Wrangler, according to Ford. Ford Bronco deliveries in January trailed the Jeep Wrangler by three. (Ford) Jeep's parent Stellantis and General Motors only issue quarterly sales reports. WITH NEW EVS ARRIVING, BRAND LOYALTY GOES OUT THE WINDOW Ford's electric vehicles also set a monthly record, with 5,247 combined deliveries of the Mustang Mach-E, F-150 Lightning and E-Transit van. Ford had its best electric vehicle sales month ever in January. (Youngrae Kim/Chicago Tribune/Tribune News Service via Getty Images / Getty Images) Among other major automakers reporting January results, only Toyota was down, with a 14.8% drop from last January. GET FOX BUSINESS ON THE GO BY CLICKING HERE Ford is scheduled to report its fourth-quarter and full-year 2022 earnings after the bell on Thursday. Source: Read Full Article
