Ford Recently Decided to Drop Its Passenger Car Lines And Focus On Trucks Instead
Ford has clearly established itself in the world of passenger cars with entries such as the Focus, Fusion, Mustang, Taurus, and Thunderbird. In 2018, they made an important decision. The announcement relayed that the company will no longer make passenger cars in North America for the next four years, with the sole exception of the Mustang. This was the result of the lower demand and lack of profit. Interestingly, this provided quite the contrast with the F-150 pickup truck, which is the bestselling vehicle in the country since 1982. That is certainly impressive when you consider that the first generation came out in 1948! Auto Week reported that Ford sold over 450,000 of the F-series line from January all the way through June 2018.
Ford Recently Decided to Drop Its Passenger Car Lines And Focus On Trucks Instead
Ford Owned Stakes In Aston Martin, Mercedes, Land Rover, And Other Premium Brands
We cannot deny that Henry Ford was a visionary. The businessman-engineer had to make important decisions to grow his company and expand operations to the rest of the world. During the mid-‘60s, he tried to buy out the Ferrari brand, but the plan was not meant to be. Still, he did not give up on his dreams. The Ford Motor Company has long owned stakes in Aston Martin, Jaguar, Land Rover, Mercury, Mazda, and Volvo. Nowadays, Ford sells vehicles under Lincoln as well! Despite this, the members of the Ford family still have the voting power, with the exception of minority ownership.
Ford Owned Stakes In Aston Martin, Mercedes, Land Rover, And Other Premium Brands
