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Oct. 15, 2021, 9:30 a.m. EDT

Ford stock gains after China sales report, with Q3 down but year-to-date sales up

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By Tomi Kilgore
F GM SPX

Shares of Ford Motor Co. /zigman2/quotes/208911460/composite F -0.41% edged up 0.4% in premarket trading Friday, after the automaker reported overnight third-quarter China vehicle sales that fell from a year ago, amid continued challenges resulting from the semiconductor shortage, but outperformed its U.S. vehicle sales performance by a wide margin. The company said it sold 150,100 vehicles in Greater China during the quarter, down 8.7% from a year ago, while Lincoln brand passenger vehicle sales increased 24%. The year-to-date total has reached 457,000 vehicles, up 11% from the year-ago period. That compares with a 25.8% decline in third-quarter U.S. vehicles sales, with Lincoln-brands sales down 35.8%, according to a MarketWatch analysis of monthly data, and a 7.0% drop in year-to-date sales through September. Ford's stock has soared 75.8% year to date through Thursday, while shares of rival General Motors Co. /zigman2/quotes/205226835/composite GM -0.52% have rallied 38.5% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.32% has advanced 16.8%.

/zigman2/quotes/208911460/composite
US : U.S.: NYSE
$ 19.67
-0.08 -0.41%
Volume: 68.78M
Nov. 29, 2021 4:02p
P/E Ratio
27.14
Dividend Yield
2.03%
Market Cap
$78.93 billion
Rev. per Employee
$683,570
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/zigman2/quotes/205226835/composite
US : U.S.: NYSE
$ 59.86
-0.31 -0.52%
Volume: 15.03M
Nov. 29, 2021 4:00p
P/E Ratio
8.00
Dividend Yield
0.00%
Market Cap
$87.36 billion
Rev. per Employee
$790,226
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/zigman2/quotes/210599714/realtime
US : S&P US
4,655.27
+60.65 +1.32%
Volume: 2.50B
Nov. 29, 2021 4:57p
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