Ford Motor Co (NYSE:F) reported a solid third-quarter report, beating Wall Street estimates and sending auto investors into euphoria. The Detroit automaker reported 45 cents a share in earnings on $47.18 billion in sales, both of which beat expectations. But the earnings surprise wasn’t the only thing driving market gears.
Ford also halted production for its F-150 Lightning electric pickup due to aluminum shortages. The move is part of a larger shift towards gasoline- and hybrid-powered trucks, which the company considers much more profitable.
