Ford hints at Kuga PHEV as diesel sales drop

Ford hints at Kuga PHEV as diesel sales drop

In announcing the gutsy move, Ford CEO Jim Hackett said in addition to whacking the cars, at the same time the company plans to almost double its cost-cutting goal to $25.5 billion from the $14 billion he announced in October.

Bringing us to one of the two cars left standing: the Focus Active.

Ford "will not invest in next generations of traditional Ford sedans for North America", including the midsize Fusion and full-size Taurus, the company said.

Passenger cars will likely remain at Ford dealerships through next year but by 2020 the company will sell mostly trucks, SUVs, and crossovers.

Ford has since also confirmed that only the next-generation Focus Active will arrive stateside, meaning the sedan and hatchback versions of the vehicle will not make their way to the US market.

By not investing in next generations of any auto for North America except the Mustang, Ford anticipates it'll reach an 8 percent profit margin by 2020, two years ahead of schedule. Other models, including the Taurus, the original Ford Focus, the Fiesta and the Fusion, will no longer be available in the United States or Canada. "The company now anticipates reaching an 8% profit margin by 2020, two years ahead of schedule", Keith Naughton writes for Bloomberg.

2407 candidates file nominations for Karnataka Assembly polls
Bhat will contest against Congress MLA and Minister of Fisheries, Youth Empowerment and Sports Pramod Madhwaraj. After this, Siddaramaiah also snubbed party's request to support the JDS during upcoming elections.

News of the turnaround plans arrived as Ford reported further signs of difficulty in the first quarter of 2018. Could Ford of Europe be on the bubble? The automaker said it will either fix or eliminate unprofitable global operations. Initially, those cars were built by hand and later were produced on the world's first moving assembly line, an advance that allowed the company to mass produce their vehicles, according to History.com.

Now Ford, one of the great engines of 20th-century American industry, is about to do the unthinkable: Abandon the American vehicle business nearly entirely.

The move is bad news for sedans, but good news for trucks and crossovers.

This year, Ford moved production of its Focus from MI to make way for the new Ranger pickup and to make room for a coming Bronco SUV. He has laid out plans to introduced several new SUVs as well as a range of electric vehicles, and until now had given few details on what financial targets he planned to hit, and how.

When Jim Hackett took over as chief executive of Ford Motor, he was charged with revitalizing a company suffering from slumping profits, rising costs and an uncertain outlook.

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