DETROIT, Mich. — Ford will shed most of its North American car lineup as part of broad plan to save money and make the company more competitive in a fast-changing marketplace, reported MSN.com.
The changes include getting rid of all cars in the region during the next four years except for the Mustang sports car and a compact Focus crossover vehicle, CEO Jim Hackett said as the company released first-quarter earnings.
Exiting most of the car business comes as the U.S. market continues a dramatic shift toward trucks and SUVs. Ford could also exit or restructure low-performing areas of its business, executives said.
Read the full article at MSN.com.