Ford to Stop Selling Sedans in North America by 2020
10:58, Apr 28, 2018
Copyright 2015 All rights reserved. This material can't be published, transferred, copied or redistributed.
By white space, Ford refers to vehicles that don't fit into typical categories. "We're going to feed the healthy parts of our business and deal decisively with the parts that destroy value", he said. "We aren't just exploring partnerships; we've now done them". Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. In 2017 the company's pretax profit fell to $8.4 billion from $10.3 billion. Fiat Chrysler CEO Sergio Marchionne now wants to eclipse General Motors Co. before his retirement in 2019.
Ford made the announcement on the day it beat its Wall Street earnings estimates. Ford's automotive revenue increased to $39 billion, exceeding the average projection for $37.2 billion in a Bloomberg survey.
In mid-morning trading, shares of Ford were up around 2.5%, at US$11.40.
Only two sedan models will be available in Ford's North American lineup. By 1992, Taurus was the best-selling vehicle in the USA, topping the Honda Accord with 409,751 units sold.
Ford announced in their recent quarterly call that their future auto lineup will consist of only the best-selling Mustang, and a new Focus Active (which will be a small crossover). By 2020, almost 90 percent of the vehicles the Dearborn, Michigan automaker will produce will be trucks, SUVs and commercial vehicles. That means the Ford Fusion and the Ford Taurus will be discontinued, joining the already defunct C-MAX and the Fiesta, which won't be back after this year, on the scrap heap. Lincoln now sells the mid-size MKZ and full-size Continental which share platforms with Ford counterparts.
Hinricks said Ford will "invest heavily" in the plant so it can make the next-generation Explorer and the Aviator SUV, but declined to go into details.
Michelle Krebs, executive analyst at AutoTrader.com, said Ford's move is no shock.
Which is the same place we'll be seeing more SUVs.
Hackett, 63, sought to assuage those concerns by promising "urgent" action.
Mr Hackett told investors the company is undergoing "a profound refocus" of its operations and is planning to get rid of unprofitable business.
Liverpool Egyptian winger Mohamed Salah has claimed that his side are going to fight to win the Premier League title next season. Five Manchester City players have been named in the Professional Footballers' Association Premier League Team of the Year.
He joins an impressive group of Steelers receivers in Antonio Bell and 2017 first round draft pick Juju Smith-Schuster. Rudolph went 32-9 as a starter with Oklahoma State while Washington set a school record with 4,472 yards receiving.
The Celtics can eliminate the Bucks in Thursday's game six in Milwaukee to set up a second round battle with the 76ers. The Sixers move on to the second round, likely to face the Boston Celtics (who hold a 3-2 series lead over Milwaukee).
Sandrock had reportedly driven from his home in Colorado to Swift's home but she was fortunately not there at the time. As previously reported by the Inquisitr , another man was arrested outside her Beverly Hills mansion just days ago.
Yaffee arrived as the officers put the men, who were not being disruptive or confrontational , in handcuffs for trespassing. The caption of the video on Twitter said, "The police were called because these men hadn't ordered anything".
Tapping on each photo will bring it into a fullscreen view with options for adding stickers, filters, etc.as you normally would. The new update allows users to upload up to 10 pieces of media, be it pictures or videos which will be posted in a single shot.
The former Manchester United boss added: "I am proud to have been a rival, a colleague and a friend to such a great man". I think your question is a typical question from somebody that was not on this side.
However, it is still up to Pochettino and his men to prove him wrong, and beating Manchester United is the only way to do so. His otherworldly ego has already begun to clank its chains in fury at the inadequate efforts of Paul Pogba, among others.
United States growth of 2.3 per cent slows but beats forecasts
According to the Commerce Department, GDP increased at a 2.3% annual rate, above the 2% analysts polled by Reuters were expecting. If it lasts through June of 2019, it will become the longest expansion in history, surpassing the 10-year recovery of the 1990s.
Atletico Madrid punish wasteful Arsenal
Antonio Valencia has overcome a muscle complaint sustained in last weekend's FA Cup semi-final win against Tottenham. Three experienced players couldn't shut the door on one opponent and that has cost them so much tonight, I fear.
Monkey selfie suit rejected in US Federal Court
The judges involved in the case concluded that " next friends " can not represent animals and the lawsuit was thrown out of court. Both judges were critical of PETA and its decision to settle the case after oral arguments suggested it would lose the appeal.
Steven Gerrard among candidates for Rangers job
The Guardian and BBC Sport are among those to claim the Liverpool great has held talks with the Rangers board. Steven Gerrard says three new signings in the right areas this summer could lead Liverpool to greatness.
Tim Cook will meet with President Trump later today
Apple and other hardware makers have deep ties with China, where they build most of their products for export around the world. The president frequently uses Cook and Apple as an example of how he says his tax cut package is creating jobs.
Foul leads to on-court scrum in Sixers-Heat
The Sixers prevailed over the Heat with a 128-108 win in Game 3, which was marked by the return of Philly big man Joel Embiid . Ben Simmons is averaging 19.3 points and 9.8 assists while Dario Saric is averaging 18.8 points and 7.3 rebounds.
The Coca-Cola Company (KO)
It improved, as 24 investors sold ABM shares while 45 reduced holdings. 111 funds opened positions while 255 raised stakes. On Tuesday, March 13 the insider MURPHY JOHN sold $631,572. ( NASDAQ:JACK ), 10 have Buy rating, 0 Sell and 9 Hold.
Castro Socialism Will Be Goal for Cuba's New President
He said that Cuba's foreign policy would remain "unaltered" and that any "necessary changes" would be decided by the Cuban people. But in the short term it is unlikely to herald major changes to the one-party system or state-dominated economic model.