Automotive News & Other Vehicle Discussions A forum for discussions pertaining to other vehicles other than Hyundai's, Press Releases, new model lauches and general Automotive news.

Ford is cutting back

Thread Tools
 
Old 04-26-2018, 10:05 AM
  #1  
Administrator
Thread Starter
 
Visionz's Avatar
 
Join Date: May 2001
Location: Upstate NY
Posts: 23,223
Received 6 Likes on 6 Posts
Vehicle: 2010 Genesis 2.0T
Default Ford is cutting back

http://money.cnn.com/2018/04/25/auto...ica/index.html



Car buyers these days love SUVs. They don't, however, love actual cars like hatchbacks and sedans --as Ford has learned.

Ford (F) said on Wednesday the only passenger car models it plans to keep on the market in North America will be the Mustang and the upcoming Ford Focus Active, a crossover-like hatchback that's slated to debut in 2019.



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



Ford will, however, continue to offer its full gamut of trucks, SUVs and crossovers.



By 2020, "almost 90 percent of the Ford portfolio in North America will be trucks, utilities and commercial vehicles," the press release says. "The company is also exploring new 'white space' vehicle silhouettes that combine the best attributes of cars and utilities, such as higher ride height, space and versatility."



By "white space," the company is referring to vehicles that don't fall neatly into the typical categories.



Ford has hinted it might decide to retire much of its sedan portfolio. Earlier this year, James Farley, the company's president of global markets, said Ford is "shifting from cars to utilities," which have been a bigger profit driver. It also reallocated $7 billion of research funds from cars to SUVs and trucks.



And it's not just Ford. Fiat Chrysler (FCAU) did away with the Dodge Dart and Chrysler 200 more than a year ago. And General Motors (GM) decided to scale back production of the Chevy Cruze, Chevy Impala, Buick LaCrosse and the Cadillac ATS and CTS.
Old 04-26-2018, 05:05 PM
  #2  
Senior Member
 
HyundaiKitCoupe's Avatar
 
Join Date: Aug 2009
Location: Washington D.C.
Posts: 11,992
Likes: 0
Received 0 Likes on 0 Posts
Vehicle: Hyundai Tiburon FX
Default

Strange times we're living in. I miss the 1990's man. Life was good, normal, easy... Everything was ideal.
Old 05-01-2018, 08:05 AM
  #3  
Moderator
 
JonGTR's Avatar
 
Join Date: May 2001
Location: San Antonio, TEXAS!!!
Posts: 7,164
Received 6 Likes on 5 Posts
Vehicle: 01 Tiburon Turbo, 99 Tiburon F2E, 2013 Avalon XLE Touring
Default

Sorry, but grown-ups these days who can afford new cars have grown-up responsibilities like carrying the kids around, transporting landscaping items, and towing toys like campers/boats/ATV's. Not 100%, but enough to limit sales of new cars. Even I'm wanting to trade in my daily eco-car for a truck.
Old 05-01-2018, 08:42 AM
  #4  
Senior Member
 
faithofadragon's Avatar
 
Join Date: Mar 2006
Location: tacos
Posts: 9,533
Likes: 0
Received 0 Likes on 0 Posts
Vehicle: 2000 Elantra
Default

Originally Posted by HyundaiKitCoupe
Strange times we're living in. I miss the 1990's man. Life was good, normal, easy... Everything was ideal.


yes i miss the 90s when i didnt have a job either.




All times are GMT -6. The time now is 04:30 AM.