The remaining Ford vehicle portfolio will feature the Mustang and an all-new Focus Active crossover coming out next year, neither of which will be built at the Chicago plant. In making its 2018 USA sales forecast of 16.7 million vehicles, National Automobile Dealers Association Chairman Mark Scarpelli noted demand for light trucks, SUVs and crossovers continues to be "very healthy".
"The millienials and all prefer an SUV over a sedan" says Mike Carpino from Mike Carpino Ford.
"This might be the boldest move Ford has made in many years as they pin their hopes on future products that no one has seen", he said. The fuel-price shock that left Detroit on its knees during the Great Recession didn't last, and American consumers have gone right back to buying sport utility vehicles and big trucks like the bread-and-butter F-Series. Fiat Chrysler CEO Sergio Marchionne killed off the Dodge Dart and Chrysler 200 sedans and retooled the factories that had been making them to build Jeep SUVs and Ram pickups instead.
Ford's profit margin should "bottom out" this year, Hackett said on the earnings call.
Ford Motor Co. dropped a bit of a bombshell when announcing its first-quarter financial results, declaring that it will phase out its slow-selling sedans in North America.
Following the announcement, company's stock rose 2.6 %at $11.40 in after-hours trading. A few days ago, The New York Timesreported that Ford was losing money on all of its small cars and sedans.
Jim Hackett, the new CEO, wants to dispose of slow-selling and low-margin Ford auto models and focus on the more lucrative trucks and SUVs in a bid to turn around the fortunes of the automaker.
"We expect demand for these new vehicles to support the same number of employees as we have today", Felker said.
Ford said its net income in the quarter was up almost 9.5%, to US$1.74bn, or US$0.43 a share, from US$1.59bn, or US$0.40 a share.
Martinez's schedule didn't provide a schedule for the Fusion, as that vehicle, according to him, will be around for a few more years. By 2020, 90% of its lineup will consist of trucks and SUVs.
There will be some retooling to prepare for the new SUV models, but there is no plan to shut down the plant, Felker said. The strategy involves doing away with some of its traditional sedan model in the North America market which have increasingly become very unpopular.
There is also talk of other automakers reducing sedan production in favor of light truck-style vehicles.
Asked if he was sure that he was doing the right thing, Wenger said: "You are never sure if you do the right thing. I think he will be available for Egypt at the World Cup". "Honestly, I don't know what I will do.
The teen tech wiz turned down the offer in Spider-Man: Homecoming , but, as spotted in the trailers, he gets it in Infinity War . A brand new story line satisfies hardcore fans and newcomers in this Marvel Spider-Man game.
Texas was, in effect, appealing the district court's request that it show up in court with proposals to fix its maps. After three election cycles that used the interim maps it had drawn, the district court ruled that they were flawed.
Both judges were critical of PETA and its decision to settle the case after oral arguments suggested it would lose the appeal. People for the Ethical Treatment of Animals ( Peta ) had argued that the monkey was the legal owner of all photos he took.
So far, Washington has issued licenses covering a period that would allow about one-third of the Airbus deliveries to go ahead. In an apparent reference to his friendly meetings this week with Trump, he said , "It can remind you of something".
Wednesday night , there is a 50 percent chance of showers and thunderstorms, with a low of 56, according to the weather service. Rapid warming will increase snowmelt and the potential for flooding in smaller streams and creeks near the foothills.
Candidates were given an extra day (Monday) to file nominations following an HC order directing the SEC to extend the date. However, Calcutta High Court had stayed the polling process and new dates are likely to be announced soon.
We know that the police behaved with professionalism in the encounter, while Turner's behavior left a lot to be desired. Turner says in the video that her daughter called her to come to the scene. "The conduct was indefensible.
Earlier this week the pontiff wrote on Twitter that he hoped the parents' "desire to seek new forms of treatment may be granted". Italy granted Alfie citizenship and put a military plane on standby to transport him to Rome, if the courts allowed it.
The researchers also caution that patients should always consult with their physicians before changing any medication regimen. This type of study imagines that patients actually take their drugs as they were prescribed for them.
Ben's Soft Pretzels also gave away free pretzels to those who have served in the Armed Forces on Veteran's Day. According to Retail Me Not , you can get a free pretzel box with an online order on Godiva's website .
Why Dolphins fans should be excited about Mike Gesicki
Even at the next level, he will pose a matchup problem with his ability to high-point the ball and outleap his defenders. Earlier this week Gesicki joined fellow Nittany Lions, Saquon Barkley and DaeSean Hamilton as Nike athletes.
Wenger reveals why he turned down Man United job
Mourinho's behaviour has been appalling, not just with Wenger but with everyone, particularly Wenger. "I speak to everybody. We want second place, that's the aim, but we can not look beyond this game.
Russian Federation accuses USA of trying to divide Syria
Russia, Iran and Turkey are the guarantor states in the so-called "Astana process" aimed at ending the violence in Syria. The talks in Astana have been going on in tandem with another series of talks held in Geneva, brokered by the UN.
Subway Will Put 500 More Stores Out of Their Misery
Subway restaurants announced Wednesday that they will be closing hundreds of locations in the next coming months. Their plans are to concentrate the opening of new stores in Germany, Great Britain and Asia.
Fortnite Season 4 announced, possible superhero theme inbound
For weeks now, players have seen meteors in Fortnite's sky, with Epic tossing shooting stars into the mix not too long ago. Though the Battle Royale portion of Fortnite is free to play, Epic does sell Early Access to its "Save the World" mode.
Sky reconsiders Fox offer after Comcast bid
United States cable TV giant Comcast has made a formal £22bn bid for Sky that values the UK broadcaster at £12.50 a share. It also owns movie studio Universal Pictures, home to "Minions" and "Jason Bourne" movies and some theme parks.
PNG PM calls for fight against Malaria to continue
Malaria is a life-threatening disease transmitted by parasites contained in the bite of infected female Anopheles mosquitoes. Lallianhlira, said the State Vector Borne Diseases Control Programme (SVBDCP) is being actively pursued to prevent malaria .