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Monday, November 3, 2014

U.S. October auto sales strong, but GM misses, (NYSE: F)

U.S. automakers reported their strongest October sales in years on Monday, but top-seller General Motors Co missed expectations.Fiat Chrysler Automobiles U.S. October sales rose 22 percent on strong pickup truck and Jeep SUV demand, and beat analysts' expectations.While Ford Motor Co sales fell 2 percent to 188,654 vehicles, the result beat analysts' expectations by nearly 6,000 vehicles, according to a Reuters poll. Ford's F-Series pickup trucks remained the best-selling models in the United States as it sold more than 63,000 sold in the month, but sales were off 0.6 percent.The miss by Ford was expected because it has lowered production of the F-150 pickup in recent months during the transition to an aluminum-bodied model, which goes on sale later this year.

Ford Motor Company (Ford) is a producer of automobiles. Shares of F fell by 0.99% or $-0.139/share to $13.95. 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 8251036.