General Motors Co's U.S. auto sales in April topped expectations, while those of Ford Motor Co and Chrysler Group LLC missed, as the first group of the major automakers reported results on Thursday.Chrysler, a unit of Fiat Chrysler Automobiles, said U.S. auto sales rose 14 percent in April to 178,652. Analysts polled by Reuters looked for 180,837. GM said April sales increased 7 percent to 254,076, while analysts estimated 250,380. Ford said sales fell 1 percent to 211,126, while analysts expected 216,068.April was seen as another strong month in what has so far been a solid sales year after taking into account the cold and snowy weather in January and February."The economy continues to strengthen," said Kurt McNeil, head of GM's U.S. sales operations. "Retail demand was steady in April, and truck sales and transaction prices were especially strong."
Ford Motor Company (Ford) is a producer of automobiles. Shares of F fell by 0.19% or $-0.03/share to $16.12. In the past year, the shares have traded as low as $13.38 and as high as $18.02. On average, 32692400 shares of F exchange hands on a given day and today's volume is recorded at 6533385.
Source
