"Given declining consumer demand and product profitability, the company will not invest in next generations of traditional Ford sedans for North America", the statement read, adding that its North American business will "transition" to just two marques - the Mustang and the Focus Active crossover, which launches next year.
Edmunds.com analyst, Jessica Caldwell says that while Ford may be making a good choice by focusing on its best sellers like the trucks and SUVs, but it is also taking a huge risk by alienating its sedan customer base and giving away market share in that segment. While future fuel-economy regulation policies are very unclear, Ford's big bet on trucks and crossovers comes with a similarly big bet on electrification and widespread cost-cutting measures to make those cars affordable and popular. The fact that people are buying more SUVs to the detriment of cars is not exactly news, so we won't be too surprised if other automakers will go down the same road in the years to come. Here, the company's trucks were highlighted at the 2018 North American International Auto Show in Detroit.
On a conference call with reporters to discuss first-quarter earnings, GM Chairman and CEO Mary Barra laid out why the automaker feels comfortable sticking with its stable of sedans and hatchbacks-for now-even as the market continues to shrink.
Following the announcement, company's stock rose 2.6 %at $11.40 in after-hours trading.
Ford announced that it will stop selling passenger cars, with the exception of the Mustang and the Ford Focus Active in the United States.
Texas Gerrymandering Case Moves to the Supreme Court
Liberal justices Elena Kagan and Sonia Sotomayor suggested Texas was still trying to avoid drawing districts with no racial taint. Some reformers have pressed for bipartisan or independent commissions to redraw their states political boundaries.
Automotive giant Ford is shaking up its USA lineup by phasing out traditional sedans and hatchbacks such as the Fiesta, Taurus, and Fusion. Company spokesperson Daniel Barbossa says that of the phased-out vehicles, the Taurus is the only one made in the USA, at the company's Chicago factory. Ford also plans to bring 16 battery-electric vehicles to market by 2022.
Note that the streamlining of their portfolio only applies to cars like sedans.
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. Electrification would mean that those vehicles will be converted to mild hybrids, plug-in hybrids, or battery-electric powertrains. By 2020, Ford said last month, the company believes SUV sales could account for half of all US vehicle sales.
There will be some retooling to prepare for the new SUV models, but there is no plan to shut down the plant, Felker said.
There were about 17.2 million cars and trucks sold last year, according to Kelly Blue Book, a decrease from the previous year's 17.6 million sales.
Anderson gone, Freeman only needs to hold off Devontae Booker and De'Angelo Henderson to open the season as Denver's lead back. Oregon's standout left tackle, who had been projected as a second- or third-round pick, was not selected on Friday.
The run was truly awe-inspiring and was facilitated by Gobert getting into foul trouble. "Had a few stupid fouls that were on me". They compiled the worst record in the Eastern Conference and tied for the third-worst in the National Basketball Association .
Clarkson is a British director who has done a shitload of television shows including Vinyl , Jessica Jones and The Defenders . Paramount Pictures announced two new films for its long-running Star Trek franchise, reported The Hollywood Reporter .
Piper Jaffray boosted their FY2018 earnings estimates for shares of Marathon Oil in a report released on Sunday, April 22nd. Marathon Oil Corporation is an exploration and production company with operations in North America, Europe and Africa.
One can only assume that the Patriots will do right by Brady , arguably considered to be the greatest to ever play his position. Gronkowski will return to the Patriots for a ninth season in 2018, the All-Pro tight end announced via Instagram on Thursday.
That would give Democrats enough seats to take control of the chamber from Republicans for the first time in about eight years. Even if they win both seats, however, Democrats must also persuade one of their own to return to the party fold.
The Penguins play the victor of the Washington-Columbus series in the Eastern Conference playoffs. "We came in to win the series". They use systems of play that they have been planning all season to get the slightest advantage against their opponents.
Police said Mr Minassian was from the northern Toronto suburb of Richmond Hill and was not previously known to authorities. The accolade apparently refers to the California killer who carried out a "day of retribution" in 2014.
BEZ is touching GBX 594 during the last trading session, after decreased 0.34%.Beazley plc has volume of 484,442 shares. Virginia Retirement Et Al holds 0.06% of its portfolio in Melrose Industries PLC (LON:MRO) for 302,957 shares.
What makes it even more different is that the best players won't necessarily be the first players selected. Saquon Barkley canceled a bunch of media appearances on Tuesday and now we know why.
Durham Smythe drafted 123rd overall in 2018 NFL Draft
Penn State's Mike Gesicki is expected to immediately challenge for the Miami Dolphins' starting tight end job as a rookie. Gesicki was selected No. 42 overall Friday in the National Football League draft's second round by the Miami Dolphins .
Russia, Turkey, Iran to hold Syria talks
Rebels left the town a few days after the chemical attack there on April 7, in which dozens of people were reported killed. Mr Lavrov met Iranian foreign minister Mohammad Javad Zarif and Turkish foreign minister Mevlut Cavusoglu.
Meek Mill Speaks Out Since Prison Release: "I Don't Feel Free"
Although Meek Mill is home from prison, he's not exactly "free" just yet. "I've got a lot of important people depending on me". Meek Mill , whose real name Robert Rihmeek Williams , had been in jail for five months after his latest probation violation.
More woe for Djokovic as French Open looms
Nadal, a dominant player at both Monte-Carlo and the Barcelona Open , was the favorite there and remains the favorite this week. Djokovic's start to the year, which now stands at five wins and five losses, is the worst of his entire professional career.
Jerry Jones makes it clear that Dez won't be returning
Bryant amassed more than 1,000 yards receiving, with double-digit touchdowns, for three straight seasons from 2012 to 2014. The receiver is apparently willing to wait up to two weeks after the draft before deciding where to go next.