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Ford (F) has an atrocious September. The car company reported total sales of 116,734, down 34 percent versus a year ago. Volvo sales were off over 50%.
Overall Ford brand SUV sales dropped 57% to 8,623 units. Sales of the company’s flagship F-series pick-ups were down 42% to 32,727.
Almost every brand in the Ford corporate line-up lost sales. Even with the government’s $25 billion loan guarantee, it is nearly impossible to imagine that Ford can take this kind of beating for another year.
Ford’s shares were down over 13% to $4.53.
Douglas A. McIntyre
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