December 3, 2021

Info IEC

Business & Finance Information

Day: October 4, 2021

Hundreds of Ford F-150s with out chips are saved at Kentucky Speedway in Sparta, Kentucky, U.S., September 8, 2021.

Jeff Dean | Reuters

DETROIT – Ford Motor’s U.S. automobile gross sales confirmed indicators of enchancment through the third quarter, however nonetheless fell by 27.4% from final 12 months as an ongoing scarcity of semiconductor chips interrupted automobile manufacturing.

The drastic decline was narrower than auto forecasters anticipated, however wider than the general trade that was estimated to be down between 13% and 14% from the identical time final 12 months. Cox Automotive anticipated Ford’s gross sales to be down by