July Auto Sales: Ford

Ford says its July U.S. sales tumbled, as high gas prices steered consumers away from sport utility vehicles and pickup trucks.

Dearborn, Mich.-based Ford Motor Co. sold a total of 161,071 vehicles in July, down 14.8 percent from 188,988 in the same month last year.

Company officials said they expect things to get tougher in the second half of 2008 as a result of weakening economic and credit conditions.

So far this year, Ford sales are down 14.2 percent to 1.3 million vehicles from 1.5 million at the same time last year.

Ford shares rose 5 cents to $4.85 in midday trading.

Address: Bibo Road, Zhangjiang High-technology Park, Shanghai, China
Tel: 0086-21-3637-6177
Fax: 0086-21-3637-6177
Skype: eastfilters