Ford is getting out of almost all of the American car business

FORD MOTOR CO. said its getting rid of slow-selling, low-margin car models and refocusing the company around more lucrative trucks and SUVs. / BLOOMBERG FILE PHOTO/DANIEL ACKER
FORD MOTOR CO. said its getting rid of slow-selling, low-margin car models and refocusing the company around more lucrative trucks and SUVs. / BLOOMBERG FILE PHOTO/DANIEL ACKER
NEW YORK - Ford Motor Co. is cleaving an additional $11.5 billion from spending plans and dropping several sedans, including the Fusion and Taurus, from its lineup to more quickly reach an elusive profit target. The automaker is almost doubling a cost-cutting goal to $25.5 billion by 2022, Chief Financial Officer Bob Shanks told reporters Wednesday.…
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