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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

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'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032

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Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there

1

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

2

'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032

3

Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
World's Most Admired Companies

Ford offering a hefty discount on its new aluminum F-150 pickup

By Ryan Daly
July 16, 2015, 11:15 AM ET
Courtesy of Ford Motor for Fortune

America’s popular pick-up truck the Ford F-150 is putting in place major discounts after a dip in sales last month.

In an attempt to reconcile an 8.9% (about 5,000 unit) sales drop, the higher-end XLT models are receiving peak discounts of $10,000 ($7,050 in other areas). Raptor lovers, apologies — this discount does not apply.

After pick-up brands such as Chevy and Dodge saw sales increases in June — as much as 18.4% for Chevy, and 0.6% for Dodge — Ford (FB) is reportedly looking to maintain the title of “best-selling pick-up in America.”

One potential cause for the drop in Ford’s sales figures, according to Automotive News, is the fact that the automaker “is experiencing some frame supplier issues, it’s likely to take some time for the truck maker to build up a proper supply of the more popular features and packages. That’s causing some orders to take longer than anticipated to fill.”

Akshay Anand, analyst at Kelley Blue Book, told USAToday: “The real development to watch is to see whether Ford moves out the incentives from being regional to nationwide. If that occurs, and whether the price cuts are extended to lower trim levels, could be even more telling.”


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