GM Overtakes Ford in 1 Key Metric. Does That Makes the Stock a Buy? [Yahoo! Finance]
General Motors Company (GM)
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Source: Yahoo! Finance
technology, vehicle-as-a-service, and electric vehicles (EVs) taking over the road from their gasoline-powered predecessors. When it comes to one key metric, General Motors (NYSE: GM) just overtook Ford Motor Company (NYSE: F) and did so pretty significantly. Let's see what that could mean for investors. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » More broadly speaking, the U.S. new light-vehicle market jumped 12% in October with strong retail growth driving the sales numbers. October was a nice change of pace for investors who had dealt with mostly disappointing numbers. For Ford investors, the change of pace wasn't so great when it comes to the company's position at No. 2 for EV sales in the U.S. market. Ford sold 6,264 EVs in October, an 8.3% decline from the prior year, and 23,509 EVs during the third quarter. It was a pace nowhere near enough to rival crosstown automaker General Motors, which posted a record
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