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Ford's Mexico output plunges as sedans head for exit

Wednesday, May 9, 2018

Ford Motor Co.’s output in Mexico is tumbling as it prepares to exit the sedan business in the U.S.

Ford’s exports from Mexico, most of which go to the U.S., sank 36 percent last month. The downturn underscores Ford’s strategic shift in the U.S., where the company is refocusing on lucrative trucks and sport utility vehicles and abandoning slow-selling sedans.

Source: Bloomberg