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J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
Stasior left Apple earlier this year. Prior to his time in charge of Siri, he was a top executive at Amazon.Technologyread more
Ford Motor reported a nearly 4.1 percent rise in U.S. auto sales in August, helped by higher demand for its sport utility vehicles and pickup trucks.
The No. 2 U.S. automaker said on Tuesday it sold 218,504 vehicles in August, compared with 209,897, a year earlier when Hurricanes Harvey and Irma depressed sales.
Sales of Ford brand SUVs grew 20.1 percent to 78,809 vehicles. Pickup truck sales rose 5.7 percent. Ford said earlier this year it would gradually cease production of most passenger cars in the United States.
U.S. consumers have been shifting away from traditional passenger cars for larger, more comfortable SUVs and pickup trucks, which are also more profitable for automakers.
Last year, U.S. auto sales dropped 2 percent from a record high of 17.55 million in 2016.
Rival Toyota Motor earlier reported a 2 percent fall in U.S. auto sales, hurt by a slump in demand for its passenger cars, although it said SUV sales rose 8.9 percent.
The No.3 U.S. automaker said it sold 223,055 vehicles in August, compared with 227,625, a year earlier.
A poll of economists by Reuters showed expectations of a seasonally adjusted annual rate of 16.8 million vehicles for the U.S. auto industry in August.