Key Takeaways General Motors reported third-quarter EV sales soared 60% year-over-year, but they were up just 12% for Ford Motor.GM got a boost from demand for its new Equinox EV, which sold nearly 10,

Shares of Ford Motor Co. lost 1% in morning trading after the automaker said third-quarter U.S. vehicles sales were up 1% from a year ago, including a 12% increase in sales of electric vehicles. The results followed those by rival General Motors Co.

Ford Motor Company (NYSE:F) shares are trading lower on Wednesday. Ford Motor reported a 4% increase in U.S. retail sales for the third quarter, with overall sales up nearly 1%, in contrast to a 2% decline for the total industry.