Ford posts strong Q3 sales, but analysts warn of challenges ahead
Ford posted better-than-expected figures for the third quarter, recording a net income of $2.4 billion. However, David Leggett, Automotive Analyst at GlobalData, suggested that the company could be facing tough times ahead. Says Leggett: “Like several other carmakers, Ford is getting a boost from higher demand – especially in the US – after the pandemic-induced low points earlier this year. High margin trucks are selling very well and there are signs of a turnaround, too, in China which has been a disaster area for Ford in recent years.”