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Automakers reported a plethora of ugly, negative numbers in May. But despite an implosion in demand for sedans, the industry's selling rate rose slightly from April, keeping 2016 on track to break last year's U.S.
By hiring a largely bilingual staff and catering to Hispanic customers, a Houston dealership has doubled sales and become one of Ford's most profitable retailers.
Ford executive Joe Hinrichs says the end of two-tier wages eliminated a major source of distraction on the factory floor but changes the company's calculations on shifting work from overseas.
U.S. sales of full-size vans are increasing eight times faster than the industry average. The growth has commercial vans on track to top half a million sales for the first time ever this year.
Higher first-quarter sales of the redesigned F-150 and a retooled crossover lineup drove Ford Motor Co. to the highest quarterly pretax profit in its 113-year history and its best-ever results in North America.
Since 2011, Ford Motor Co. has earned pretax profits totaling $45 billion in North America. It lost $1.8 billion in the rest of the world. And North America's position as Ford's profit driver keeps getting stronger.
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