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,

Ford’s stock veered lower Wednesday, after the automaker reported a nice increase in third-quarter electric vehicles sales in the U.S., but not quite the growth of its fellow Michigan-based rival.

GM this week reported a 2% drop in third-quarter U.S. sales to 659,601 deliveries. Toyota Motor Corp. reported a 0.8% decline in third-quarter sales with 542,872 deliveries. Stellantis NV's sales fell by 20% to 305,294 vehicles.