Ford, GM Post Strong Sales; Inventory Worries Drive Down Shares
December 03, 2013 at 15:59 PM EST
Ford (F) and General Motors (GM) delivered vehicle sales in November that exceeded or met analysts’ expectations. So why are the stocks taking a hit today? Oil prices spiked – never good news for automobile makers. But more importantly, Ford warned that its North American production will slip 1.8% in the first quarter of 2014 [...]
