Howto Trade Market

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F said Wednesday it 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. 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. The decision, which Hackett said was due to declining demand and profitability, means Ford will no longer sell mzke Fusion midsize car, Taurus large car, CMax hybrid compact and Fiesta subcompact in the U. Exiting most of the car business comes as the U. Ford could also exit or restructure low-performing areas of its business, executives said. Savings will come from engineering, product development, marketing, materials and manufacturing.

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