By 2020, Ford buyers in North America will only be able to select from the best-selling Ford Mustang and the Ford Focus Crossover, the Dearborn automaker announced Wednesday, April 25. In a separate post on Medium, Ford CEO Jim Farley said Ford's trucks and SUVs will soon become 86 percent of the company's US volume.
"We're going to feed the healthy parts of our business", Hackett told analysts on a conference call Wednesday, "and deal decisively with the parts that destroy value". If appropriate returns are not on the horizon, we will shift that capital to where we can play and win.
According to the release, 90 per cent of Fords offered in North America will be "trucks, utilities and commercial vehicles" by 2020.
Ford says it is also exploring new "white space" vehicle silhouettes that combine attributes of cars and utilities, such as higher ride height, space and versatility.
Ford is hedging its bets on the fuel front by adding "hybrid-electric powertrains to high-volume, profitable vehicles like the F-150, Mustang, Explorer, Escape and Bronco".
Read between the lines of last week's news about the Ford Fusion, and it becomes tough to see a post-2020 future for the auto in the U.S.It won't be made in Mexico anymore, Ford has told.
Ford reported first quarter net income of $1.7 billion in 2018 and a 7 percent revenue increase from 2017. Year-to-date, Ford stock has declined over 12%. Profits before taxes fell to $2.2 billion from $2.5 billion.
Ford Credit's profit jumped 33 percent to $641 million, while the automaker's fledgling mobility ventures lost $102 million, 59 percent more than a year ago. Automotive revenue rose to $39 billion, exceeding the average projection for $37.2 billion in a Bloomberg survey. They don't, however, love actual cars like hatchbacks and sedans -as Ford has learned. As ride-hailing services like Uber or Ford's own Chariot continue to expand into more remote areas in the United States and the world, and companies advance their autonomous-vehicle technologies, it will become less likely that the average homeowner owns a vehicle, let alone multiple vehicles. If Ford is phasing out development of sedan platforms, Lincoln will likely suffer, too.
On Wednesday, Ford outlined a plan to cut costs and boost profit margins at a faster pace than previously announced, which includes dropping traditional sedan models in North America that have become increasingly unpopular with consumers.
United crashed out of Europe to Sevilla after a 2-1 loss at home and also were knocked out of the Carabao Cup by Bristol City. Mourinho will surely be pressuring the Man United board to spend heavily in order to compete with their Manchester rivals.
Bernard is not pleased with what Charlotte has been up to.HBOWarning: Huge spoilers for " Westworld " season two. When investigating the anomaly, Delos' security agents and Bernard find that Teddy is among the dead.
Police told the station the mother told the kids before setting the fire that "they were going to see Jesus". Witnesses also heard the woman shout, "Let's go to heaven", after she revved the engine and it caught fire.
The IMF in the latest World Economic Outlook (WEO) has projected India to grow at 7.4 per cent in 2018 and 7.8 per cent in 2019. Irwin says that the USA and China "are not in a trade war yet, but there's a risk of a trade war".
Garcia was charged with felony battery, depriving an officer of a firearm, criminal mischief, and disorderly conduct. Video shot inside the terminal shows the man still arguing with officers as they load him onto a security golf cart.
For example, the so-called "major workers" have stumpy legs and huge heads in order to barricade nest entrances from intruders. Scientists simply referred to the ants as members of a group named Colobopsis cylindrica-better known as the exploding ants.
But lower oil prices could also mean less production in the US , which would offset some of the increase in OPEC production. The oil markets generally maintain their prices thanks to the restrictions introduced by OPEC earlier this year.
But of the 12 bail applications, six were rejected - three by the Rajasthan High Court and three by the Supreme Court. The verdict will be delivered on premises of Jodhpur central jail , where Asaram Bapu is lodged.
Manaea was so focused on throwing strikes that he didn't pay attention to the call and just assumed his no-hitter ended there. It figures, then, that Manaea would so thoroughly dismantle the game's best offense, because that's baseball.
South Australians gather to commemorate the Anzacs
Australian Prime Minister Malcolm Turnbull joined French Prime Minister Edouard Philippe and the Prince of Wales for the ceremony. Despite the chance of a shower in the city, the rain has largely stayed away from dawn services across South Australia .
ISP partners with DEA for prescription drug take-back
Drop off will be on Saturday, April 28 from 10 a.m. until 2 p.m.at the Cedar Falls Police Department (220 Clay St.). The study concluded that a majority of the drugs abused were frequently acquired from home medicine cabinets.
MotoGP, BREAKING - Marquez penalised: will start 4th
The Italian led the chase for Marquez throughout the race before the Yamaha of Vinales got the better of him for second place. Marquez continued untroubled up front to clinch victory easily and make it six wins out of six at the Grand Prix of Americas.
IPL 2018: Warm Jaipur to host RR vs MI clash
It's not always that a team in a situation such as MI found themselves, at the start of their innings, reaches a massive 213 runs. Rajasthan Royals vs Mumbai Indians is the 21st of 60 games of this Indian Premier League season 11.