Tag: thirdquarter
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China reports third-quarter GDP growth of 4.6%, slightly beating expectations
China’s National Bureau of Statistics on Friday reported third-quarter GDP growth of 4.6% year on year, slightly exceeding the 4.5% expected by economists polled by Reuters. That’s less than the second-quarter growth of 4.7% year on year. On a quarterly basis, the third quarter saw 0.9% expansion, compared with 0.7% in the second quarter. “The…
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Ford’s third-quarter sales up 0.7% as GM overtakes it in EVs
DETROIT — Ford Motor lost its lead in electric vehicle sales to crosstown rival General Motors during the third quarter, as the automaker’s EV growth slowed. Ford on Wednesday reported a 0.7% increase in third-quarter U.S. new vehicle sales, including a 12.2% rise in EVs compared with a year earlier. The third-quarter results for Ford contributed to a 45% increase in…