Key facts: Ford Q3 revenues rise 9.4% to $50.53B; Maverick sales up 76%; 45K vehicles recalled
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Ford's Q3 revenues hit $50.53 billion, up 9.4% year-on-year, beating forecasts. EPS and EBITDA also exceeded estimates, boosting stock price by 9% to $13.45.1Ford's Maverick pickup truck sales surged 76% in November, indicating a rising consumer shift towards affordable vehicle options amid increasing prices.2Ford Motor Company is recalling 45,047 vehicles in the U.S. due to a potential loss of exterior lighting, which can reduce visibility and increase the risk of a crash.3
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