Last week, Ford CEO Jim Hackett unveiled his plans for the company. One key part of his plan is moving $7 billion from the development of cars to trucks. What does this entail? Car and Driver have done a bit of digging and has brought forth some answers.
Jim Farley, Ford’s president of global markets tells the magazine the company will focus on its regional strengths for future products. For the U.S., this means developing “authentic, off-road capable” vehicles according to him. That includes the upcoming EcoSport crossover, Ranger pickup, and Bronco SUV.
Ford is planning to focus on utility vehicles in other markets as well as they have found success with “styled, on-road performance" crossovers. Europe will begin seeing models that are “urban-utility products.” For Asia (in particular China), Ford will focus on the "C-plus" larger midsize segment and three-row SUVs.
As for cars, Farley said Ford will be repositioning products in certain markets to "lower-volume, higher-revenue sub-segments." For example, the Fiesta and Focus will become more upmarket.
Source: Car and Driver