Ford to drop American Sedans

2018 Ford Mustang facelift

That means there will be an end of production for slow-selling sedans such as the Taurus, Fusion and Fiesta. The new USA -market version of the Focus will be made in China.

By 2020, "almost 90 percent of the Ford portfolio in North America will be trucks, utilities and commercial vehicles", the press release says.

As for dealers' concerns about attracting entry-level buyers, it seems Ford will continue to offer plenty of options.

The lone auto to remain is the Mustang, though a modified version of the Focus called the Focus Active will be introduced in 2019. And while Mr. Hackett has vowed to cut engineering costs and improve Ford's "fitness", he has yet to specify how he'll do that, what his overall turnaround plan entails, and what financial targets Ford hopes to hit. It's also gambling that gas prices won't appreciably rise in that time, a factor that would drive people into smaller, more efficient vehicles instead of utility vehicles.

Ford posted a net profit for its first quarter of $1.74 billion equal to 43 cents a share, up from last year's first quarter of $1.6 billion equal to 40 cents a share. While future fuel-economy regulation policies are very unclear, Ford's big bet on trucks and crossovers comes with a similarly big bet on electrification and widespread cost-cutting measures to make those cars affordable and popular.

Exiting most of the vehicle business comes as the USA market continues a dramatic shift toward trucks and SUVs. We have no idea what this variant will feature since it hasn't been formally announced yet.

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Ford finds itself on a road similar to the route Fiat Chrysler Automobiles NV followed to pass Ford in North American profitability. By 2021, Ford projects it will surpass Toyota and become the leader in the United States hybrid vehicles market in terms of sales, in part thanks to the hybrid F-150 and Mustang.

However, Dias said there are longer-term questions about what Ford will do with the Mexican plants that make the Ford Fiesta subcompact and the Fusion mid-sized sedan and the Chicago plant that makes the Taurus full-sized sedan.

Broken down by region, it's clear that the North American segment is still the driver of profits for the company. The company expects its profit margin in North America to rise to 10 percent by 2020, Shanks said.

Specifications for the 2018 Ford fleet of crossovers and SUVs are shown.

There will soon be fewer cars and more SUVs at Ford dealerships across the country.

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