Ford says Feb. US sales off 7 pct, cuts production
DETROIT (Reuters) - Ford Motor Co on Tuesday said U.S. sales in February for all of its brands had dropped almost 7 percent and said it would cut second-quarter production by 10 percent.
Led by lower sales of its market-leading F-Series pickup trucks and declines for SUVs like the Explorer and Expedition, Ford's sales for its main Ford, Lincoln and Mercury brands were off 6.6 percent from a year earlier.
Including sales of its Jaguar, Land Rover and Volvo brands, sales were off 6.9 percent.
Ford reports sales comparisons without adjusting for the number of selling days in a given month. Last month had one additional sales day than February a year earlier.
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