The shares rose 0.5 percent to $11.17 as of 4:22 p.m.in NY, after the close of regular trading.
This news comes as part of Ford's "fitness" plan, outlined by CEO Jim Hackett past year, in which he said the Blue Oval would cut its operating costs by $14 billion by 2022.
America's love affair with crossovers is causing an April massacre as Ford has finally confirmed plans to kill all sedans in North America.
Ford said the only cars it will keep in North America beyond their current generations are the Mustang and the Focus Active arriving in 2019.
BMW's iX3 concept heralds electric expansion
BMW says that the Concept iX3 "underscores" its resolve to strengthen its leadership in electric mobility. The concept is also fitted with light-alloy wheels in an aerodynamically optimised design.
Ford North America has confirmed it's in the process of transitioning to a passenger vehicle range comprising just the Mustang and Focus Active. The company's pre-tax margin of 7.8% was down by 1.1 percentage points and still well short of management's target of 10%. We are determined to turn this business around right throughout the whole company. In the same period a year ago, the company reported EPS of $0.30 on revenues of $39.15 billion. Analysts polled by FactSet expected 41 cents per share on revenue of $36.78 billion. But the company's profit margin slipped to 5.2 percent from 6.4 percent a year earlier. The company will still produce a range of SUVs and trucks, including the Escape, Explorer, Bronco, and F-150-the best-selling truck model in the US.
The company's loss in its Asia Pacific region was driven by slumping sales in China, where Ford has just begun to introduce new models.
"Everything will be on the table" to fix Ford, Shanks told reporters in Dearborn, Michigan, where the company is headquartered.
Joe Hinrichs, president of global operations, said Ford plans to build a new product its Hermosillo plant in Mexico when it quits production of the Fusion sedan, and will also build a new battery electric vehicle in Mexico.
The club, sixth in the league, face Spanish side Atletico Madrid in the first leg of a Europa League semi-final later on Thursday. He also refused to answer rumours of former Barcelona boss Luis Enrique replacing him. "I want to do as well as I can".
With a loss, OKC regains home court advantage and we go to OKC 2-2, needing to win at least one more game on the road. The Jazz bested the Thunder in game three of the NBA Playoffs and Ricky Rubio got the best of Russell Westbrook .
Guentzel didn't just join Mario Lemieux and Kevin Stevens as the only Penguins with four or more goals in a playoff game. Couturier said he played with a torn right MCL suffered in a collision with a teammate at practice last week.
Zuckerberg spent two days on Capitol Hill earlier this month getting grilled by lawmakers about Facebook's responsibility. Revelations of the improperly handled data of 87 million users did nothing to stop Facebook Inc .'s money machine.
Bob Dorough , 94, died of natural causes Monday at a his home in Mount Bethel, Pennsylvania, according to his son, Chris. He enrolled in a Special Services Army Band Unit in 1943 and remained there until the end of WWII.
This Earth Day , April 22, the Caribbean Hotel and Tourism Association (CHTA) joins the worldwide celebrations. Corporations and governments also use the occasion to make pledges and announce sustainability measures.
That tradition stuck, and in the years since, artists like Ozzy Osbourne and Iggy Pop have been record store day ambassadors. The Grand Rapids location offered free crack fries with any purchase if someone had a same-day receipt from a record store.
Meanwhile, ongoing economic reforms in the United States are necessitating that global trade rules be altered significantly. The discussions focused on issues related to the Chinese central bank, not trade, said the secretary.
Police have said al-Batsh had lived in Malaysia for more than seven years and was a permanent resident of the country. In addition, he charged that Israel was behind the fatal shooting of a Hamas drone expert in Malaysia.
The Browns should have their choice of left tackles if they trade with the Bills, who now pick 12th and 22nd in the first round. With the draft just days away, boards are being finalized and kept under lock and key until the show begins Thursday.
Alleged love triangle ends in 2 women shot dead in Pa
Chapman had just recently started her job at Villanova, after working in various other jobs and positions around the east coast. Villanova University spokesman Jonathan Gust added: 'Our hearts are broken by the devastating loss of our new colleague.
Harry and Meghan commemorate fallen Anzac's in London
Meghan Markle held back tears during an emotional Anzac Day dawn service, which she attended with her fiancé Prince Harry . Kanneh-Mason is a student at the Royal Academy of Music and combines his studies there with an worldwide concert career.
New Gmail Is Live If You Opt In
You need to go to the cog wheel in the top right corner of Gmail and select " Try the new Gmail " to enable these settings . Therefore, here are the bazillion things (actually, ten) Google has added to this hefty Gmail update .
OnePlus to unveil OnePlus 6 on May 16
OnePlus has partnered with Marvel and don't be surprised if there's an Avengers edition OnePlus 6 in the books . The OnePlus 6 might become the first ever water-resistant smartphone from the Chinese smartphone manufacturer.
Willie Snead leaves New Orleans for Baltimore
Eager to add a target for quarterback Joe Flacco , the Ravens on Friday offered Snead a two-year, $10.4 million contract. While he flashed talent, it wasn't enough to avoid being released by the team before seeing regular season action.