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Ford Motor sold 507,395 light-duty vehicles in the third quarter, a 6.6% decline, edging Hyundai Motor's 506,200 units and defying a Cox Automotive forecast that had predicted Hyundai would take the No. 3 spot.
Cox Automotive forecasts Hyundai will edge past Ford in U.S. quarterly sales for the first time, with the Korean automaker projected at 511,421 units against Ford's 504,172 — a shift analysts link partly to Detroit's thin hybrid lineups.
Jim Farley says Europe missed its chance to manage Chinese automakers' entry, but the US can still act deliberately as Ford balances partnerships with competition.
