Rising Demand for Hybrids and EVs Helped Lift Ford's February Sales
Key TakeawaysFord Motor Co.'s February sales increased 10.5% from the year-earlier period as demand for electric vehicles (EVs) and hybrid vehicles jumped.EV sales skyrocketed 81% in the latest month, while hybrid sales were up 32%. However, the vast majority of Ford's sales—nearly 90%—continued to be from traditional internal combustion engine vehicles.Ford posted an unexpected drop in sales of its F-series truck lineup during February. Ford Motor Co. (F) shares gained Monday after the carmaker reported a ...