Ford Motors Higher As June Sales Beat

Ford Motor Company F shares are up 20 cents to $13.99, a gain of nearly 1.5% as the company reported better than expected June sales. General Motors Co. GM and Ford Motor Co. both said their sales rose 10 percent. “Strong demand for Ford's fuel-efficient cars and crossovers continues, and we now are seeing truck buyers return to the market with significant appetite for our fuel-efficient V6 engines,” said Ken Czubay, Ford vice president, U.S. Marketing, Sales and Service. “The Fiesta and Focus are driving Ford's retail share gains in markets beyond our traditional geographic areas of strength,” said Czubay. “In California, Ford's retail share is the highest since 2006. We also have seen gains in the East and Southeast.”