Ford U.S. sales up 6 percent in October

Ford Motor Co. on Tuesday reported that its U.S. new-vehicle sales increased 6.2 percent year on year to 167,803 in October. However, the October's number represented a 4.2-percent decline from September. The brand breakdown indicated that Ford brand, the company's largest, rose 13 percent, while Lincoln sales decreased 11 percent. Ken Czubay, vice president of Ford's U.S. Marketing, Sales and Service, said that the Ford brand continues growing its market share, showing the company has the vehicles and technologies people truly want and value. Besides, the company's truck sales climbed 8.4 percent, utility vehicle sales rose 23 percent while the car sales slid 8.1 percent. Last week, Ford reported a two-percent drop in earnings for the third quarter, as rising commodity-related costs and losses in its European and Asian operations offset strong profits in North America.