Ford’s U.S. sales decline 33% in August as chip shortage devastates auto industry

• Ford's August sales of its new vehicles declined by 33.1% from a year earlier in the U.S. due to an ongoing global shortage of semiconductor chips.
• The Detroit automaker's sales capped off a dismal month of U.S. auto sales, which plummeted to an adjusted selling rate of 13.09 million vehicles last month.
• That's the worst pace since June 2020 and down from this year's peak of 18.5 million in April, according to auto data firm Motor Intelligence.

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