Ford knocked General Motors out of the top spot for US auto sales in March, a feat it had managed only once before since 1998, industry data showed Friday.Strong demand for Ford's updated truck line and its fuel-efficient vehicles helped boost its sales 19 percent in March to 212,777 vehicles.That's 6,156 more vehicles than GM sold after posting a 9.6 percent gain.GM has been the top seller in the US market on an annual basis since 1931, according to Automotive News Data Center.Ford last outsold GM in February 2010, but by a margin of just 471 vehicles.
Wall Street was lower on the first trading day in August as oil prices touched a six-month low and data showed US economy lost some momentum at the end of the second quarter. Oil prices hit six-month lows earlier in the day, knocked by fresh evidence of growing oversupply and data highlighting slowing demand in China, leaving crude prices on course for their weakest third-quarter performance since the financial crisis in 2008. Energy stocks were the biggest losers among the main S&P sectors, with Exxon Mobil and Chevron leading the losers.
Washington (AFP) - US retail sales recovered in October from the downturn the previous month, helped by continuing strong gains in online shopping and auto sales, the Commerce Department said Friday.Overall retail sales picked up 0.3 percent to $444.5 billion after September's 0.3 percent decline, and were up 4.1 percent from October 2013.
Ford, which has already knocked Toyota out of the No. 2 spot, could top GM for only the second time since 1998, auto information company Edmunds.com says.Ford Motor Co. is poised to be the top U.S. auto seller in March, surpassing General Motors Co.