Ford sales in US market continue to recover from October losses
- In a sales report from Ford, its vehicle sales in October were down by 4% from the year prior at only 175,918 vehicles
- According to Cox Automotive, new US vehicle sales are down by approximately 21% in October in comparison to a year prior
- Ford said vehicle inventories, which have been at record lows due to the chip shortage, increased by 7,000 units from a month earlier to 243,000 cars and trucks
Ford sales in US market continue to recover from October losses
- In a sales report from Ford, its vehicle sales in October were down by 4% from the year prior at only 175,918 vehicles
- According to Cox Automotive, new US vehicle sales are down by approximately 21% in October in comparison to a year prior
- Ford said vehicle inventories, which have been at record lows due to the chip shortage, increased by 7,000 units from a month earlier to 243,000 cars and trucks
BMW’s electric car sales to increase by double by end of 2021
- The sales of BMW’s fully electric cars have grown by 121.4% in the first 3 quarters of 2021, with 59,688 units
- Between January and September 2021, the company sold 213,575 all-electric and plug-in hybrid vehicles which is a 98.9% increase
Ford unveils custom 1970s F-100 pickup truck with redesigned interior and electric motors
- Based on the Mustang Mach-E, Ford has unveiled its F-100 Eliminator concept truck that features retro styling of a 1978 F-100 but with electric motors and batteries
- Ford built this vehicle to showcase its new “e-crate motor” that is on sale at its dealerships and online
- The e-crate motors produce 281 horsepower and 317 foot-pounds of torque and will sell for $3,900
Job listings across the US show vaccine mandates
- In October 2021, the number of job listings requiring candidates to have a COVID-19 vaccine has doubled
- According to the Biden Administration has said that it will be soon issuing a rule that requires larger-sector employers to mandate vaccines for workers
Hertz Global Holdings announces 37 million share offering by stockholders
- On November 3, Hertz Global Holdings announced that certain shareholders of the firm will launch a public offering of 37.1 million common shares
- The launch of the shares will be at a discount price of $25 compares to $29 a share and hertz said it intends to purchase between $250 million and $500 million of the shares
