ADVFN - Advanced Financial Network.
HOME» NYSE » F » F Stock Price » F Stock News

Ford Motor Share News

 Ford Motor Company Stock Price
F Stock Price
 Ford Motor Company Stock Chart
F Stock Chart
 Ford Motor Company Stock News
F Stock News
 Ford Motor Company Company Information
F Company Information
 Ford Motor Company Stock Trades
F Stock Trades

Slowing Demand Sends Brazil Auto Production Down 7.6% on Year

SAO PAULO--Brazil auto production continued to decline from the year-earlier period as demand cools in Latin America's biggest economy, auto maker association Anfavea said Thursday. June auto output totaled 261,333 cars and light commercial vehicles, a 4% drop from the 2011 month. Including trucks and buses, output totaled 273,579 vehicles, a 7.6% drop on the year and a 2.6% retreat from May production. June is the third consecutive month that output has fallen below the previous year's levels. So far this year, production is lagging 2011 by 9.4%, Anfavea said. That drop in production has led a number of car makers to cut jobs at some of their factories. General Motors (GM), Volkswagen AG (VOW.XE) and Volvo have all announced job cuts as they shift production to adapt to the new demand outlook. At the end of June, however, employment in the industry continued to climb, expanding 1.3% from May and 2.9% on the year. Auto sales improved in June, but cumulatively the year is still lagging 2011 levels. The government slashed taxes and banks' reserve requirement on auto credit at the end of May as part of an effort to stimulate sales, and the move had a significant effect, with June sales of cars and light commercial vehicles reaching 340,611 units, a 19% jump from the 2011 month and a 24% advance from May. Including trucks and buses, sales reached 353,200 units, a 16% gain on the year and a 23% advance from May. June sales were the second-highest ever recorded in a month, losing only to sales in December 2010, Anfavea said. Still, through the end of June sales are 1.2% behind 2011 levels. Auto-dealer association Fenabrave on Tuesday slashed its estimates for sales this year, estimating that sales of cars, trucks buses and motorcycles will contract 1.5% this year. It previously expected an expansion of more than 3%. Auto exports, meanwhile, showed a slight improvement in June after slipping in May. Exports totaled $1.34 billion in the month, up 2% from the 2011 month. So far this year, exports are up 4.5% to $7.93 billion. Once again, Fiat SpA (F.MI) led car sales, with 63,530 vehicles sold. Volkswagen sold 62,418 cars, and General Motors came in third with 47,958 cars sold. Ford (F) rounded out the top four with 29,312 cars sold.

Stock News for Ford Motor (F)
DateTimeHeadline
07/06/201519:47:07Fiat Chrysler's Elkann Confident Auto Industry Will Move Toward...
07/06/201513:00:02How GM's Chevy Silverado Clobbered the 2015 Ford F-150 This Year
07/06/201511:22:16Brazil New-Vehicle Sales, Output, Exports Drop in First Half
07/06/201510:25:00Summer Driving Camp for Teens: More than 1,500 Teens to Learn...
07/06/201509:00:09Car-Repair Notices Feed Class Action Lawsuits
07/05/201511:17:02The 2015 Chevy Silverado Truck Is Hauling More Than Ever (Profit...
07/02/201516:32:30Statement of Changes in Beneficial Ownership (4)
07/02/201514:20:34Ford Recalls 432,000 Cars Over Software Problem
07/02/201513:50:51Ford Recalls 432,000 Cars Over Software Problem
07/02/201509:25:022 Big Concerns in Fiat Chrysler's Sales Numbers
07/02/201509:16:022 Key Takeaways From General Motors’ Sales Report
07/02/201506:35:50German June New Car Registrations Up 13% On Year - VDA
07/01/201518:25:02Ford's Truck Sales Fall Again, But Investors Shouldn't Worry
07/01/201513:15:21Current Report Filing (8-k)
07/01/201509:20:06Fiat Chrysler Sales Jump in June
07/01/201509:15:00Ford U.S. Sales Up on Strong Customer Demand for Newest Products...
06/30/201519:14:03Why Ford Still Has Work to Do on Quality
06/26/201510:10:40U.S. Investigating Complaints of Ford F-150 Power Brake Issues
06/25/201516:09:28Annual Report of Employee Stock Plans (11-k)
06/25/201516:01:09Annual Report of Employee Stock Plans (11-k)

Ford Motor and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad