Ford cutting production of cars to just Mustang, Focus by 2020

Ford cutting production of cars to just Mustang, Focus by 2020

Among the vehicles that will be discontinued are the midsize Fusion and the full-size Taurus, the company said. Profits before taxes fell to $2.2 billion from $2.5 billion.

Ford also introduced a plan to reduce its capital spending by $5 billion over 2019 to 2022 to $29 billion.

By 2020 the automaker predicts that nearly 90 percent of the Ford portfolio in North American will be trucks, utilities and commercial vehicles.


In a statement, Ford said it won't invest in new generations of sedans for the North American market, eventually reducing its auto lineup to the Mustang and the all-new Focus Active crossover coming out next year. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, and is pursuing leadership positions in electric cars, autonomous vehicles and mobility solutions. Where we can raise the returns of underperforming parts of our business by making them more fit, we will. Ford announced its first-quarter earnings Wednesday, revealing that its revenue was up 7 percent compared to a year ago, and its net income up 9 percent-both on-target, but not reflecting Ford's new cost-saving initiatives, Shanks said.

Ford (NYSE:F) tops profit estimates in Q1 on automotive revenue of $39B. The company now expects to reach an 8 percent profit margin by 2020, two years earlier than it had been targeting. And in every region of the world, Ford reported either a decline in profits or a loss. Together with its subsidiaries, Ford Motor Co., designs, manufactures, markets, and services automobiles in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. Get twice-daily updates on what the St. Louis business community is talking about.

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