Ford To Stop Selling All But 2 Passenger Cars In North America

New Ford Focus ST to get RS engine

Ford Chief Financial Officer Bob Shanks told reporters it is too early to say whether the additional cuts and "efficiency opportunities" would result in layoffs or staffing reductions.

Ford has also made clear that waning consumer demand and product profitability are two reasons why it's halting investment in the next generation of sedans.

By 2020, almost 90 percent of Ford's product lineup in North America will be trucks, SUVs and commercial vehicles.

That leaves the automaker heavily reliant on trucks and SUVs, with crossovers to pick up most of the small-car detail for most shoppers.

That means 80% of Ford's vehicle business will be gone in less than four years, and mean more of what consumers are calling for and, in the process, putting more and more money in Ford's coffers.

Apart from the Mustang, the only other vehicle model that Ford will be making in future will be a new compact crossover called Focus Active, starting in 2019.

Hackett said the plan also calls for Ford either fixing or dumping unprofitable global operations.

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Ford sold 209,000 Fusion sedans in 2017 - it's best-selling sedan - compared to 265,000 in 2016, and down from 306,000 in 2014.

Though Ford's first-quarter earnings seemed secondary to those revelations, they were better than analysts expected. Ford's marketing and sales division is likely to see a large portion of cost reduction.

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.

GM has already cut down on production of the Chevy Cruze, Chevy Impala, Buick LaCrosse, and Cadillac ATS and CTS, according to CNN Money.

The move is bad news for sedans, but good news for trucks and crossovers. But since then, Ford has been slow to roll out the new sorts of SUVs that have caught favor with American consumers, and it let costs creep higher.

Ford will hedge against risk of rising pump prices by spending $11 billion to bring out 40 electrified vehicles by 2022.

Torrence plant will ramp up production of SUVs, including the new high-end Lincoln Aviator next year. To get there, the automaker is ready to take steps including forsaking certain categories and markets.

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