- Ford (NYSE:F) reports total wholesale volume decreased 3% in Q3 due in part to timing with product launches.
- The company's operating margin in the automotive sector was 2.5%, compared to 7.0% from a year ago. Warranties and recall costs factored in.
- North America: Revenue -6.1% to $19.9B; operating margin 7.1%.
- South America: Revenue -17.9% to $2.3B; operating margin -7.3%.
- Europe: Revenue +7.8% to $6.9B, operating margin -6.4%.
- Asia Pacific: Revenue +4.0% to $2.6B; operating margin 1.7%.
- F +0.7% premarket to $14.50.