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Showing results for Broadway Ford Truck Sales, Inc. v. Depositors Insurance Company
...Overnight, the Federal Reserve had spent $85bn to bail out the huge insurance company AIG, which had unwisely guaranteed much credit now sitting on banks’ books....
...While Ford and General Motors raised the alarm about trading conditions this year, Fiat Chrysler and Mercedes owner Daimler warned the slow pace of electric car sales in Europe jeopardised their chances...
...While investors become excited by electric cars, Ford is selling gas-guzzling pick-up trucks in record numbers. Change will come, but judging the pace is crucial....
...There could be a silver lining: a Trump government may ease fuel economy standards and more infrastructure spending could mean more pick-up truck sales — and Ford has some of the most profitable truck sales...
...Sales were propelled by a growing demand for high-margin pick-up trucks and sport utility vehicles in the US — which were made more affordable by low domestic fuel prices and easy credit terms....
...He also predicted that his group would be selling “a few million” vehicles — on a par with BMW — by 2025, despit e a slowdown of sales in China....
...Ford is especially dependent on its F-series pickup trucks, while General Motors does disproportionately well out of its GMC pickups and sports utility vehicles....
..., the finance arms of the two companies....
...ICICI’s managing director, K V Kamath, called the rumours “baseless and malicious”....
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