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| Ford's US sales fall yet further | Ford's US sales fall yet further |
| (20 minutes later) | |
| Struggling carmaker Ford has seen yet another sharp drop in US sales as it continues to fail to win over buyers. | Struggling carmaker Ford has seen yet another sharp drop in US sales as it continues to fail to win over buyers. |
| Ford's overall monthly sales fell 8.1% in June, led by a continuing decline in the popularity of its cars, which saw a 24.6% drop in sales. | Ford's overall monthly sales fell 8.1% in June, led by a continuing decline in the popularity of its cars, which saw a 24.6% drop in sales. |
| By contrast, sales of its trucks added 2.9% last month. | By contrast, sales of its trucks added 2.9% last month. |
| Sales at Ford's US rival Chrysler, which got a new owner in May, declined by 1.4% in June. By contrast, Japan's Nissan saw its US sales jump 22.7%. | |
| Meanwhile, Toyota's sales added 6.1%. | |
| 'Lower rental sales' | |
| Ford, which is continuing with cost-cutting plans, blamed the bulk of its sales decline on a planned reduction in low-margin sales to rental companies. | Ford, which is continuing with cost-cutting plans, blamed the bulk of its sales decline on a planned reduction in low-margin sales to rental companies. |
| The company, which plans to sell its luxury UK-based Jaguar arm, is looking to cut 45,000 jobs in North America. | The company, which plans to sell its luxury UK-based Jaguar arm, is looking to cut 45,000 jobs in North America. |
| Its sales in May had declined by 6.9%, seeing it fall from second to third-largest car seller in the US, as it was overtaken by Toyota. | Its sales in May had declined by 6.9%, seeing it fall from second to third-largest car seller in the US, as it was overtaken by Toyota. |
| Chrysler is being taken off the stock market by private equity group Cerberus Capital Management in a $7.4bn (£3.7bn) deal expected to be completed as early as this month. | |
| It is being sold by German owner Daimler. |