12:05 PM New York – Ford November sales fell 2% despite Escape, Explorer and Mustang posted record sales. Fiat Chrysler climbed 20% and GM sales climbed 6% and the largest automaker said recall-related charges added to $2.7 billion. Johnson Controls lowered fiscal outlook.
Tollbooth Index edged up 0.09% or 8.74 to 9,964.20.
Ford Motor Co.
) increased 12 cents to $15.90 after the automobile company said U.S. Sales in November fell 1.8% to 187,000 vehicles from 190,449 vehicles a year ago month.
The automaker reported total car sales in the month dropped 6.4% to 55,186 units and truck sales declined 9.9% to 70,903 units but utilities sales soared 15.4% to 60,911 units.
Fiat Chrysler Automobiles NV
) jumped 2.4% or 30 cents to $13.01 after the automaker reported U.S. sales for November climbed 20% to 170,839 vehicles, 56th monthly increase in a row. Chrysler brand sales surged 30%.
Jeep sales surged 27% to 57,489 vehicles and Ram pickup sales soared 31% to 35,865 units and sales of the Chrysler 200 more than doubled to 14,317 vehicles.
Total light-vehicle sales are expected to jump 2.5% to about 1.28 million vehicles.
General Motors Co
) rose 1.4% or 48 cents to $33.42 after the automaker reported total U.S. vehicle sales for November climbed 6.5% to 225,818 units and retail sales jumped 5% and fleet deliveries soared 11% a year ago month.
The company announced to recall 316,357 vehicles primarily from North America to fix up the issues of headlights. General Motors recorded $2.7 billion charge to recall-related repairs in the first nine months of this year.
Home Depot Inc
) fell 13 cents to $98.28 after the home improvement retailer agreed to acquire hardware business unit of HD Supply Holdings Inc. Terms of the deal were not disclosed.
Johnson Controls Inc
) gained 1.9% or 94 cents to $50.12 after the temperature regulation system maker forecasted sales for the year is expected to drop to $42.5 billion and earnings per share between $3.55 and $3.70.
The company expects sales in its automotive seating business to fall between 5% and 6% but sales from power solutions segment climbed in the range of 8% to 10%. Sales from the building efficiency segment is expected to jump between 9% and 11%.
Toyota Motor Corp
) gained 1.5% or $1.86 to $126.80 after the Japan-based automaker reported U.S. sales in November jumped 3% to 183,346 units from a year ago month. Corolla sales climbed 14.2% and light trucks and SUVs set records sales in November.
Thor Industries, Inc
) slumped 2.3% or $1.33 to $56.50 after the recreation vehicle maker said net sales in the first-quarter ending in October climbed 15.2% to $922 million from a year ago period.
Net income in the quarter dropped 5.3% to $38.9 million or 73 cents a diluted share compared to $41.1 million or 77 cents from a same quarter last year.
Vince Holding Corp
) tumbled 14.9% or $5.43 to $31.09 after the diversified apparel maker said net sales in the third-quarter ending on November 1 surged 20% to $102.9 million from a year ago period. Comparable store sales in the quarter climbed 5.2%.
Net in the quarter swings to profit $13.3 million or 35 cents a diluted share compared to a loss of $2.4 million or 9 cents from a same quarter last year.