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Monday, November 3, 2014

U.S. October auto sales best in several years, GM misses, (NYSE: F)

Automakers reported their strongest U.S. October sales in years on Monday, but top-seller General Motors Co missed expectations.Monthly U.S. sales of the six largest automakers as measured in U.S. market share rose 6 percent from a year ago, matching analysts' expectations.Declining gasoline prices helped boost demand for SUVs and crossovers. Ford Motor Co said utility vehicles and trucks accounted for 72 percent of its sales, up from 68.5 percent a year ago.Fiat Chrysler Automobiles' U.S. October sales rose 22 percent on strong pickup truck and Jeep SUV demand, beating analysts' expectations.

Ford Motor Company (Ford) is a producer of automobiles. Shares of F fell by 0.89% or $-0.125/share to $13.96. In the past year, the shares have traded as low as $13.26 and as high as $18.12. On average, 30565000 shares of F exchange hands on a given day and today's volume is recorded at 15785391.