It goes without saying that Ford will be in a great position to buy up the remains of Tesla when it finally collapses.
Until then Ford and its competitors are enjoying some great auto sales. Americans purchased 17.4 million vehicles in November 2017, down slightly from 18.1 million in vehicles in October and 18.6 million in September, The Detroit Free Press reported.
More importantly, Ford’s sales rose by 6.7% in November while those at competitors fell. Fiat Chrysler’s (NYSE: FCAU) sales fell by 4% and General Motors’ (NYSE: GM) slid by 2.9%.Read more