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

Brazil 1st Half of August Vehicle Sales Slip 0.45% vs. July - Fenabrave

SAO PAULO--Brazil's vehicle sales during the first two weeks of August retreated slightly from a strong month in July, even as they surged on the year, auto-dealer association Fenabrave said Friday. Sales of cars and light commercial vehicles reached 169,859 units, a 0.45% decline from the first two weeks of July, but up 21% from the first two weeks of August 2011. In May, Brazil reduced taxes and banks' reserve requirements tied to auto loans in an effort to boost sales. And boost sales it did, with June and July posting the strongest sales ever for the two months. With 364,000 vehicles sold, July saw the second-biggest single month of sales ever, losing only to December 2010, when more than 381,000 vehicles were sold in Brazil. But with the tax breaks set to expire at the end of this month, the industry is concerned that sales will slump again, ending the year with little growth or possibly even a contraction. Though Finance Minister Guido Mantega has said there aren't plans to extend the stimulus measures, many in the industry are hopeful the government will see the benefits to industrial production that continued strong sales could pose, especially as industrial growth in Brazil falters. Indeed, despite the strong sales of cars and light commercial vehicles, sales of truck continue to lag. During the first half of August, truck sales were down 34% from the year-earlier period, and fell 4.5% from an already-weak July. The government imposed tougher emission standards at the start of the year, but many buyers have spurned the new trucks--either because they rushed to buy the cheaper, higher-emission trucks before the tougher standards went into effect, or because a lack of gasoline stations carrying the low-sulfur fuel needed by the trucks has dissuaded potential buyers. Looking at sales of cars and light commercial vehicles, Fiat SpA (FIATY, F.MI) once again was the market leader, accounting for 24% of vehicles sold. Volkswagen AG (VLKAY, VOW.XE) came in second, followed by General Motors Co. (GM) and Ford Motor Co. (F). Write to Paulo Winterstein at paulo.winterstein@dowjones.com.

Stock News for Ford Motor (F)
DateTimeHeadline
05/24/201513:05:072 Great Signs for Investors in Detroit's Largest Automaker
05/24/201513:02:032 Great Signs for Investors in Detroit's Largest Automaker
05/24/201511:08:033 Cars With Jaw-Dropping Potential
05/22/201504:36:46Turkish Car Maker Tofas Says Has Resumed Production After Strike
05/21/201514:05:11Ford Trims Production in China on Select Models to Avoid Price...
05/21/201513:29:56Ford Reduces Factory Output in China as Auto Market's Growth...
05/20/201512:24:00Ford Credit to Participate in Deutsche Bank Global Industrials...
05/20/201512:15:10What Is the S&P 500 Index?
05/20/201510:00:09Fiat Chrysler to Make Compliance Changes
05/20/201505:28:36Ford Otosan Halts Production as Labor Issues Hit Supply Lines
05/19/201521:57:46White House Threatens to Veto Trade Bill Over Currency Measure--update
05/19/201517:50:04White House Threatens to Veto Trade Bill Over Currency Measure
05/19/201517:23:39White House Threatens to Veto Trade Bill Over Currency Measure
05/19/201515:31:32Current Report Filing (8-k)
05/19/201509:00:00Ford Warriors in Pink Launches Initiative to Help Bring More...
05/19/201505:30:11New Car Sales in the EU and EFTA Rise
05/19/201502:30:13Strong Demand in EU's Top Five Automotive Markets Drives Sales...
05/18/201509:20:13Ford, GM Get Low Marks in Suppliers Survey
05/17/201512:05:19Why We Likely Won't See a Ford Ranger or Dodge Dakota in the...
05/17/201511:03:02How a Strong Dollar Affects the Average American

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