Ford to shift focus to small cars

Automotive

US car company Ford Motor Co is about to alter its focus drastically and build more small cars, the New York Times said, citing people familiar with the plans.

Ford will make the announcement on Thursday, when it releases quarterly results, the newspaper said.

The company is expected to announce that it will convert three of its North American assembly plants from trucks to cars, according to the sources, the paper said.

Ford will realign factories to make more fuel-efficient engines and produce six of its next European car models for the United States market, it added.

The company will also make its Mercury brand an integral part of its new small-car strategy, the newspaper said, citing the sources, who did not want to be named because of the timing of the official announcement on Thursday.

A Ford spokesman did not return a telephone call seeking comment. (Reuters)

ADVERTISEMENT

Business confidence improves as consumer sentiment worsens Analysis

Business confidence improves as consumer sentiment worsens

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.