Ford is keeping the Mustang and an upcoming Focus Active crossover as the only cars available in the near future. The regular Ford Focus, Fiesta, Fusion, and Taurus will be discontinued, as Ford will concentrate on SUVs, pickup trucks and commercial vehicles. Ford Motor Company says that “almost 90 percent of the Ford portfolio in North America will be trucks, utilities and commercial vehicles.”
The cuts in the sedan vehicle are part of Ford’s “fitness” plan, outlined by CEO Jim Hackett in 2017, in which he said the Blue Oval would cut its operating costs by $14 billion by 2022.
Dropping all sedan models except for the Mustang and upcoming Focus Active crossover save an additional $11.5 billion, according to Ford’s Chief Financial Officer, Bob Shanks.
All generations of the Ford Taurus have been built at the Chicago Assembly — Ford’s oldest continually-operated automobile manufacturing plant, located at 130th Street and Torrence Avenue in the Hegewisch community area in Chicago.
Ford is dropping all but 2 cars from its North American dealerships https://t.co/PZTJEzn8ZC pic.twitter.com/NyMDzp5LJe
— CNNMoney (@CNNMoney) April 26, 2018
Ford to drop slow-selling sedans from lineup by 2020 https://t.co/FPy9eMfSMP
— FOX Business (@FoxBusiness) April 25, 2018
Ford’s audacious plan to save $25 billion: Cut every car except these 2 models https://t.co/jtFk0bRuSV
— FORTUNE (@FortuneMagazine) April 26, 2018
Ford says in the future it will only sell these two cars in the U.S. https://t.co/9rPXRYWTaa pic.twitter.com/dntjN1ShM4
— Bloomberg (@business) April 26, 2018
20240105-1435future
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Ford chief financial officer Bob Shanks weighs in on the company’s earnings and how they plan to create more growth.