Cars
Ford Is About to Abandon American Sedans
- Cars will be just 10% of its North American portfolio by 2020
- Wall Street cheers CEO Hackett’s ‘bold and decisive action’
The Model T, the ’32 deuce coupe, the Thunderbird, the Mustang: For much of its 115-year history, Ford Motor Co. has been synonymous with cars.
But now Ford, one of the great engines of 20th Century American industry, is about to do the unthinkable: abandon the American car business almost entirely.