A Little Good News for Ford and GM

All eyes were on the automotive industry, and more specifically the electric vehicle (EV) sector, for August. That's because consumers who were on the fence about making an EV purchase within the next few months rushed ahead to buy before the $7,500 federal tax credit disappears at the end of September.Once the tax credit disappears, the industry is expected to slow down for some time, so Ford Motor Company (NYSE: F) and General Motors (NYSE: GM) needed to deliver.Ford had some momentum as August was the automaker's sixth consecutive month of sales gains in the U.S., driven by popular SUVs and a spike in EVs due to the pull-forward of demand before the tax credit's demise.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool