Ford Motor Company, one of the major players in the automotive industry, recently reported its monthly sales figures for February, showcasing a positive trend in its sales performance. Unlike its competitors General Motors and Stellantis N.V., Ford chose to disclose its sales numbers for the month, providing insights into its market performance.
Ford’s February U.S. sales saw a 10.5% year-over-year increase, reaching 174,192 cars and trucks. This growth was primarily driven by the rising popularity of its hybrid and all-electric vehicles. The company’s electric vehicle sales experienced a significant boost, with the Mustang Mach E witnessing a 64.3% uptick in sales and the all-electric F-150 Lightning pickup nearly doubling its sales. Overall, EV sales rose by 81% in February, followed by a 32% increase in hybrid models and a 7.5% rise in traditional internal-combustion engines.
Despite the growth in electric vehicle sales, traditional cars and pickups still accounted for 89.5% of Ford’s sales in February. The company also noted a 5.8% decline in sales of its highly profitable F-Series pickups, with 51,829 units sold during the month.
In contrast, General Motors made headlines with its announcement of a pilot program to develop hydrogen fuel trucks for worksites. The initiative, supported by government funding, will see GM creating medium-duty fuel-cell electric trucks and an H2 “microgrid” in collaboration with a major U.S. utility. This move aligns with GM’s expansion of its Hydrotec fuel cell offering to include stationary and mobile power generators, demonstrating the company’s commitment to sustainable transportation solutions.
Meanwhile, Stellantis N.V. unveiled its largest investment plan in South America’s automotive industry, aiming to support the development of 40 new products by the end of the decade. The company, which holds a significant market share in the region, plans to invest €5.6 billion in new technologies, including Bio-Hybrid and decarbonization solutions. This strategic move aligns with Stellantis’ Dare Forward 2030 carbon net zero objectives, which include a €50 billion investment in electrification over the next decade.
Overall, Ford, General Motors, and Stellantis are making strategic moves to drive innovation and sustainability in the automotive industry. With a focus on electric and hydrogen fuel technologies, these companies are positioning themselves for future growth and market leadership. As the industry continues to evolve, it will be interesting to see how these initiatives shape the future of mobility and environmental sustainability.
