On Wednesday, Ford expanded on this by adding that the remaining sedans it will be producing will be limited to the Mustang and the Ford Focus Active, a hatchback that's set to debut in 2019. In 2017, the company's pretax profit fell to $8.4 billion from $10.3 billion. But kiss goodbye to the Fiesta, Focus, Fusion, Taurus, and C-MAX.
The decision comes as sales of passenger cars continue to decline while sales of SUVs and crossovers continue to climb.
Ford's revenue worldwide increased 7 percent to $42 billion for the quarter.
Wall Street applauded the move, sending Ford shares 2.5 percent higher in early Thursday trading. In addition to putting hybrid-electric power trains into high-volume sellers in its SUV and truck line, the company will roll out a "performance utility" vehicle powered by an electric battery in 2020.
Jim Farley, Ford president of Global Markets, announced on Medium on March 15 that trucks and SUVs would be making up most of Ford's offering.
Last May, Ford's board called on Hackett, a former chief executive of the office furniture-maker Steelcase who had been running Ford's new businesses related to autonomous vehicles, to whip the company into shape.
Ford finds itself on a road similar to the route Fiat Chrysler Automobiles NV followed to pass Ford in North American profitability.
Shanks said the Lincoln brand still is losing money in China, where it launched in 2015, but now plans to begin local production there in 2020.
This match is going to be interesting as both the teams need desparate victories as this point of time. It is Rajasthan Royals vs Mumbai Indians today (April 22)! Also bowls and is electric in the field.
He had such a huge impact on this game with putting fouls on Steven Adams and just owning the paint on the defensive side. "When you have somebody who's that focused, regardless of how he said it or what he said, he's serious about it.
Grassley has said he's undecided on whether to support the bill himself, based on the question of whether it's constitutional. His logic is that the bill isn't necessary because he doesn't believe that Trump is planning to fire Mueller.
The problem here is that people were not properly documented'. 'I don't think that's got anything to do with it, ' she said. Ms Rudd told MPs she "bitterly" regretted not recognising the "systemic" problem sooner.
The final arguments in the case were completed in the Jodhpur court on April 7, which reserved the order for Wednesday. Asaram Bapu was arrested in 2013 on the complaint filed by a teenage girl from Uttar Pradesh's Shahajahanpur.
The sentence came against the recommendation of the prosecutor who said Meek Mill had matured since his original crime. Philadelphia 76ers co-owner Michael Rubin sits down with CBS3 to discuss Meek Mill's release from prison .
He guided Massillon to consecutive 10-0, undefeated seasons in 1964 and 1965 before rejoining Hayes' staff at Ohio State in 1966. Earle Bruce , who followed the legendary Woody Hayes as coach of the Ohio State Buckeyes, died early Friday at the age of 87.
Kim and Moon will water the tree with water brought from the Taedong River in the North and the Han River in the South, Im said. Pyongyang announced a moratorium on testing at the weekend and said its nuclear proving ground at Punggye-ri would close.
The N Chandrasekaran-led company reported a revenue growth of 8.2 percent at Rs 32,075 crore in the 1st 3 months this year. With new market-cap, TCS is now worth one-third of the total Budget expenditure of India - as proposed in Budget 2018-19.
After Portman's refusal, the Genesis Prize Foundation chose to cancel the ceremony, stating that the organizers "fear that Ms. Israeli politican Rachel Azaria said Portman's decision was a reflection of changing attitudes towards Israel among US Jews.
Long-term growth (LTG) is an investing strategy where a stock will (hopefully) grow in value for a relatively long period of time. Moving averages can help smooth out these erratic movements by removing day-to-day fluctuations and make trends easier to spot.
The ball clearly was still on Horford's hand after the timer expired to the point that multiple Bucks stopped playing on the play. Guard Marcus Smart returned to the active lineup Tuesday night after missing the last six weeks with an injured right thumb.
The shooting was the nation's deadliest since a gunman attacked an elementary school in Newtown, Connecticut, over five years ago. That event will involve a meet-and-greet with legislators, student speeches, music and on-site voter registration.
Create independent investigative and adjudicative body to address and resolve complex and serious cases involving NCAA violations. Adopt and enforce rigorous criteria for so-called non-scholastic basketball , such as summer recruiting events and AAU leagues.
It was because of Wenger's success at the Arsenal that opened the door for Jose Mourinho's dominant Chelsea teams. New York City FC head man Patrick Vieira is being called the front-runner and favourite by multiple outlets.
Concise News gathered that the rise was due to the firm's Switch console, just as it noted that it would appoint a new president. Shuntaro Furukawa , 46, a senior executive, is taking over as president from Tatsumi Kimishima .
The sheer magnitude of the "butcher's bill" was unprecedented, Governor-General of New Zealand Dame Patsy Reddy told the service. Wairoa District Anzac Commemorative Services are Taihoa Marae, Mahia Ave 9am, and Wairoa War Memorial Hall 11.15am.
Developments in the past two days point to consolidation of non-Congress votes, led by JDS and BJP, defeating the ruling party. The CM stated that he is least bothered as to who will contest against him in the upcoming state assembly election.
Marquez has won the Texas race five years in a row and Sunday will be the first time he doesn't start in pole position. The Suzuki man's time in the lead proved short-lived however, as Marquez got by at Turn 12 on the opening lap.
Or at least that's the view of Brazilian legend Rivaldo , who has identified the flawless club for his compatriot: Real Madrid . However, PSG's European Campaign this season was a disappointment as they were knocked out by Real Madrid .
What was the motive for the shooting? Cooper's statement came in the wake of a shooting at a Waffle House restaurant in Nashville. Authorities suspect that the gunman, who is still on the loose, may have two weapons on him: a long gun and a handgun.
Trump told Putin he would be happy to make a reciprocal visit to Russian Federation , the RIA news agency quotes Lavrov as saying. Trump, along with allies the United Kingdom and France, ordered the bombardment following an alleged chemical attack in Douma.
Though the Kings have outhit the Knights virtually in every game, it is not having an effect on the Knights whatsoever. He refused to give them hope, stopping pretty much everything he should have, plus some of the ones he shouldn't.
He is a big fan of 30-year-old Hoffenheim manager Julian Nagelsmann and Shalke's Domenico Tedesco, who is just two years older. Everton have tabled a "huge offer" to Jack Wilshere as they look to win the race for his signature, according to a report .