Ford stock gains after China sales report, with Q3 down but year-to-date sales up

Shares of Ford Motor Co. F, +3.53% edged up 0.4% successful premarket trading Friday, aft the automaker reported overnight third-quarter China conveyance income that fell from a twelvemonth ago, amid continued challenges resulting from the semiconductor shortage, but outperformed its U.S. conveyance income show by a wide margin. The institution said it sold 150,100 vehicles successful Greater China during the quarter, down 8.7% from a twelvemonth ago, portion Lincoln marque rider conveyance income accrued 24%. The year-to-date full has reached 457,000 vehicles, up 11% from the year-ago period. That compares with a 25.8% diminution successful third-quarter U.S. vehicles sales, with Lincoln-brands income down 35.8%, according to a MarketWatch investigation of monthly data, and a 7.0% driblet successful year-to-date income done September. Ford's banal has soared 75.8% twelvemonth to day done Thursday, portion shares of rival General Motors Co. GM, +1.32% person rallied 38.5% and the S&P 500 SPX, +0.66% has precocious 16.8%.