Ford Motor (F) is up more than 3% in the market rally and weathering an 11% decline in August sales as other auto makers also report sales drop-offs for the month. Ford opened up 24 cents at $11.53 and was a steady gainer in morning trading, hitting a high of $11.89 at mid-day. It's been trending lower in afternoon trading, yielding 27 cents to trade at $11.62, up 2.97%. The company said it sold 157,503 vehicles, down 9% from July's level. The company plans to produce 570,000 vehicles in Q4, down from 574,000 last year. General Motors reported sales of 185,176 cars and trucks, down from 246,479 a year ago in August. Toyota (TM) posted the steepest loss, with a 34% drop to 148,388 vehicles.
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