Science

Scene Changing at Ford Dealerships as auto are Phased Out

Scene Changing at Ford Dealerships as auto are Phased Out

That means 80% of Ford's auto business will be gone in less than four years, and mean more of what consumers are calling for and, in the process, putting more and more money in Ford's coffers. The statement confirms the death of the Ford Fusion and Taurus, in addition to the already-announced death of the Ford Fiesta. It also wasn't clear if the move will impact Ford's Lincoln brand.

That means the Fiesta, Taurus, Fusion and the regular Focus will disappear in the United States and Canada.

The cuts are aimed at kick-starting a turnaround effort nearly one year after Ford's board ousted its chief executive officer.

Going forward, the company will focus on trucks and SUVs. The new US -market version of the Focus will be made in China. "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. That factory, Barbossa says, will stay busy making the Explorer and a new SUV. As consumers in North America slowly choose trucks, SUVs, and crossover vehicles, interest in sedans and small cars has been dropping.

"The automaker expects to save $25.5 billion by 2022, chief financial officer Bob Shanks told reporters Wednesday as Ford reported first-quarter earnings per share and revenue that beat estimates".

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For the first quarter, the Dearborn automaker said it earned 43 cents per share, beating Wall Street analysts' average expectations by 2 cents per share. The company's balance sheet shows an effective tax rate of 9 percent for the quarter.

Ford is about to make some major changes to its lineup of vehicles in the U.S. Is it wise to cut its sedan offerings to just two and instead focus on trucks and SUVs?

Hackett said the plan also calls for Ford either fixing or dumping unprofitable global operations. These include the 2019 Ranger pick-up. The company also is reviewing its strategic plans for South America.

The formal shift away from cars comes after Ford sold 128,794 cars so far in 2018 - a drop of almost 14 percent from the same period in 2017.

Company to sell only trucks, sport utes and crossovers. And now that the little pony has grown up, a new generation of drivers will have the thrill of sitting behind the wheel of this writer's favorite Ford vehicle.


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