Ford to Produce New Midsize 2005 Sedan
Dearborn, Michigan, Oct. 14 (Bloomberg) -- Ford Motor Co.'s Ford division will make a new 2005 midsize sedan, Automotive News reported, citing an unidentified person familiar with the project.
The car will compete against Honda Motor Co.'s Accord and Toyota Motor Corp.'s Camry sedans, the trade publication said. The car will be based on the Mazda6, Automotive News said, citing an unidentified person.
Ford has plans for a sedan smaller than its Taurus, Automotive News quoted Chief Operating Officer Nicholas Scheele as saying. Taurus has been the flagship car of Ford division, and its sales have declined 10 percent through September from the same time last year.
The automaker has said it will build two new vehicles, the Five Hundred sedan, and the Freestyle sport-utility vehicle with features similar to a car, starting in 2004. A plant in Chicago that makes the Taurus will switch to producing the Five Hundred and Freestyle.