Ford to Stop Producing All But 2 Cars in North America - NBC10 Boston
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Ford to Stop Producing All But 2 Cars in North America

The company's American portfolio will focus on SUVs and trucks

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    NEWSLETTERS

    Ford to Stop Producing All But 2 Cars in North America
    NurPhoto via Getty Images, File
    This March 30, 2018, file photo shows models pose in front of Ford's Mustang GT during launch program at Ford Showroom, Kathmandu, Nepal. The company recently released its first-quarter earnings report and indicated the Mustang would be one of only two car models it produces in North America by 2020.

    Facing declining demand for passenger cars, Ford is starting to phase out their production in North America, CNBC reported.

    Ford will only produce two kinds of cars in North America by 2020: the Mustang and a new Focus Active crossover, the automaker announced in its first-quarter earnings report Wednesday. The rest of its American portfolio will consist of SUVs and trucks, the company said.

    Ford is realigning what it produces to fit changing consumer tastes. The company's earnings in the quarter beat analysts' expectations, and Ford is accelerating cost cuts — slashing $25.5 billion in cost and $5 billion in capital spending.

    "We are going to be fit across our entire business," CEO Jim Hackett said on a conference call.

    Grandmother Stabbed Baby Girl, Burned Her in Oven: Police

    [NATL] Grandmother Stabbed Baby Girl, Burned Her in Oven: Police

    Police say a 20-month-old was stabbed to death, then burned in an oven in a home in Shaw, Mississippi. The toddler's 48-year-old grandmother, Carolyn Jones, was charged with first-degree murder and is being held on a $500,000 bond.

    (Published Wednesday, Oct. 17, 2018)