Ford's total February sales fall 9%
Ford Motor Co reported a 9% decline in total auto sales for February, with overall sales dropping to 158,675 units from 174,192 a year earlier. While sales of gas-powered models fell nearly 13%, electrified sales, including EVs and hybrids, increased by about 23%. The company is navigating cost-cutting measures amid reduced interest in new vehicles and potential U.S. tariffs on imports from Canada and Mexico.
March 3 (Reuters) - Ford Motor Co (F.N) on Monday reported an about 9% drop in its auto sales for February.
Automakers have been trying to cut costs amid lower interest for new vehicles, and brace for the potential impact of U.S. tariffs on imports from Canada and Mexico.
Ford’s electrified sales, which includes pure EVs such as the F-150 Lightning pickup truck and the Mustang Mach-E and hybrid models, rose about 23%.
Sales of its gas-powered models fell nearly 13% to 135,992 units.
The Detroit automaker’s overall auto sales fell to 158,675 from 174,192 a year ago.
