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Ford Killing All Sedans In North America — Blue Oval Bloodbath
26 April 2018, 09:39 | Vera Richards
How Ford Earnings Soothed Investors
"We'll restructure as necessary and we'll be decisive", Hackett said.
"Our intention is to raise the level of performance on all parts of the business through fitness", Shanks told reporters at Ford's headquarters near Detroit.
The automaker said it now expects achieve an eight per cent global profit margin by 2020, two years sooner than planned.
The company's stock was up 2.6 per cent at US$11.40 in after-hours trading.
Cosby Accuser Wished Rape Cost at Memoir, Publisher Says
Jackson said the statements are the same, but a person on Cosby's first legal team may not have written down all the information. If convicted, Cosby could get up to 10 years in prison on each of three charges of aggravated indecent assault against Constand.
In a statement, Ford said it won't invest in new generations of sedans for the North American market, eventually reducing its vehicle lineup to the Mustang and the all-new Focus Active crossover coming out next year.
A seismic shift is happening in the vehicle market in North America as legendary auto maker Ford says it will cut the production of its sedan models by upto 90%. The company previously predicted $14 billion in cuts by 2022.
The automaker says over the next few years, the Ford auto portfolio will transition to two vehicles: the best-sellingMustang and the all-new Focus Active crossover coming out next year.
Ford reported first-quarter earnings after the markets closed on Wednesday and beat analysts expectations, with a profit of $0.43 per share and revenue of $42 billion. We are determined to turn this business around right throughout the whole company.
Scientists discover new species of exploding ant
Being a "model species" means that the ant will serve as an important navigation point in future studies on exploding ants. The major workers of the Colobopsis explodens tribe have enlarged heads used to plug nest entrances to keep out invaders.
Ford made $1.74 billion from January through March, or 43 cents per share, compared with $1.59 billion, or 40 cents per share a year ago.
"We saw an increase in commodities of about half a billion dollars in the quarter", he said on Wednesday.
The lion's share of the automaker's quarterly profit was driven by high-margin pickup trucks and SUVs in North America.
Ford Motor Co.is sharpening its cost-cutting knives and cleaving another $11.5 billion from spending in the coming years to reach an elusive profit margin target ahead of schedule.
Shire (SHP) Receives "Hold" Rating from Liberum Capital
Royal Bank of Canada set a $192.00 target price on Shire and gave the stock a "buy" rating in a report on Monday, February 5th. That's a 60 percent premium to Shire's closing price on March 27, before Takeda disclosed its interest in the US drugmaker.
Earlier this month, Ford unveiled five new models for China as part of a business revitalization effort centered around a plan to launch over 50 new or redesigned vehicles by 2025, including the electrification of its model lineup. It identified Lincoln as a low-performing area but Shanks said sales are growing and the brand is not in jeopardy. Anonymous source after anonymous source has claimed that the Fiesta, Fusion, C-MAX, and Taurus are all destined for the chopping block, and Ford has nearly invariably countered by saying that these vehicles are a big part of its plans moving forward.
P&G Is Buying German Company Merck For $4.2 Billion
Novartis sold its interest in a consumer joint venture to partner GlaxoSmithKline Plc, gaining cash to invest in innovative drugs. The deal will add Merck's vitamin and food supplements to P&G's existing roster of over-the-counter medicines.
Inflation dips to 2.47 per cent in March
On the basis of the Wholesale Price Index, inflation had quickened to 2.48% in February and to 5.11% in March past year . Retail inflation also slipped to a five-month low of 4.28 per cent in March on account of decline in food prices.
Korean Leaders Work to Control Summit Optics
In a press briefing, Sanders said North Korea has "been open with their willingness to denuclearize", Xinhua reported. The past two summits in 2000 and 2007 were both held in Pyongyang.