Ford to stop selling sedans in North America by 2020

2018 Ford Mustang facelift
New Ford Focus ST to get RS engine?
Author

27 April, 2018

The company has previously hinted at scaling back in its consumer vehicle department in favor of two other markets: trucks and SUVs.

Hackett says the multi-year transition will leave the iconic Mustang and a redesigned Focus crossover as Ford's remaining cars.

The company expects its profit margin in North America to rise to 10 percent by 2020, Shanks said.

Since Ford recently refreshed its Fusion sedan for the second time, that auto will stick around the longest-at least for the next couple of years, according to company spokesman Said Deep.

The company is exploring new "white space" vehicle that combine the best of cars and utilities, such as "higher ride height, space and versatility". Cars sales have been declining industrywide.

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Ford said its net income in the quarter was up almost 9.5%, to US$1.74bn, or US$0.43 a share, from US$1.59bn, or US$0.40 a share.

In the 11 months since then, Mr. Hackett has shuffled Ford's executive ranks and outlined plans to introduce new sport-utility vehicles and electric cars. "The company now anticipates reaching an 8% profit margin by 2020, two years ahead of schedule", Keith Naughton writes for Bloomberg. They don't, however, love actual cars like hatchbacks and sedans -as Ford has learned. "Because of our demographic, having all-wheel drive seems to be more of what the customer wants", said Mike Sardella, finance manager at Simmons Rockwell Ford.

Ford's revenue worldwide increased 7 percent to $42 billion for the quarter.

In North America, Ford's biggest market, the automaker's pretax profits were down $200 million to $1.9 billion.

Passage's new procedure additionally incorporates focusing on new impetus decisions, for example, adding half and half electric powertrains to gainful vehicles, for example, the F-150, Mustang, Explorer, Escape, and Bronco. It's just another reason why you need to check Ford fix procedures online on each vehicle - the instructions could be updated based on new refreshes or new models (or even midway through a production run). By phasing out most of its lineup, Ford can begin developing new mobility services and further invest in its "smart city" concept.


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