Ford Motor Co. (NYSE:F) [Detail Analytic Report] eased down on Wednesday despite it U.S. sales surged 4% in April against a year earlier, with 231,316 vehicles sold. The retail sales also moved up 3%, driving firm is best April retail results since 2006. Ford SUV sales totaled 65,474 vehicles last month best April in firm history. Explorer drove the gains, reporting a 22 percent increase versus a year ago. Ford F-150, only truck to earn Insurance Institute for Highway Safety Top Safety Pick helped lift F-Series sales 13 percent with 70,774 trucks sold. This is the second month in a row F-Series surpassed 70,000 sales, marking their best April performance in 11 years. Ford VP, U.S. Marketing, Sales, and Service, Mark LaNeve articulated that they saw strong consumer demand in April, particularly for pickups. F-Series has moved previous quarter million sales mark year to date strongest start for F-Series in a decade, while Ford brand SUVs are having their best year ever.
On the other hand, Ford has arises with a better way to make its vehicles even quieter. Ford wind noise core supervisor, Bill Gulker stated that Ford has come up with a improved way to make its vehicles even quieter. This project was born from a desire to be the best when it comes to controlling and limiting the cabin noise customers are so sensitive. In addition, their new mobile wind tunnel saves their engineers time and surge productivity. It’s a fine example of innovation mindset they are annoying to incorporate into everything they do.
Coty Inc. (NYSE:COTY) [Detail Analytic Report] declared that an update on its transaction with The Procter & Gamble Company (PG), which is anticipated to close in October 2016. Coty released that it had entered into a definitive agreement to acquire P&G’s Fragrance, Color Cosmetics and Hair Color Business through a Reverse Morris Trust structure. The transaction will create one of the world’s leading beauty firms, with pro forma combined annual revenues of more than $9 billion based on fiscal 2015 performance, strengthening Coty’s leadership position in the global beauty industry.
After transaction with P&G Beauty Brands, Coty is expected to become the global leader in fragrances with market leading positions in color cosmetics and hair coloring & styling. Chairman and Interim CEO of Coty, Bart Becht commented that they continue to make strong progress on the P&G transaction which they expect will make Coty a global leader and challenger in the Beauty Industry.
The Coca-Cola Company (NYSE:KO) [Detail Analytic Report] and SABMiller Plc decided with South African government to protect jobs as well as set up two 400M-rand ($27M) development funds in order to secure antitrust approval for creation of bottling operations for non-alcoholic beverages in southern and eastern Africa. The offered merged entity will maintain total permanent employment at present levels for a period of three years, according to London-based brewer SABMiller reported in a statement on Wednesday. One of the funds will be invested in agriculture development and the second to develop retailers owned by people discriminated against during apartheid, the company said. SABMiller stated that the contract among merger parties and the South African government is expected to expedite the approval process.