Ford Motor Co (NYSE:F) shares are in the spotlight Wednesday after the company reported a nearly 7% increase in U.S. sales in the first quarter.
What Happened: Ford reported total U.S. vehicle sales of 508,083 units in the first quarter, up 6.8%. U.S. electric vehicle sales came in at 20,223 units, up 86.1%, making Ford America’s second best-selling EV brand behind Tesla last quarter. Transit van sales totaled 39,890, up 25%. Overall hybrid sales were up 42% on sales of 38,421 vehicles in the quarter.
“Customer reception in the first quarter to Ford's freedom of choice across gas, hybrid and ...