Zoom Zoom- Ford to Replace Ex Best Selling Taurus With Mazda-Based Cars
Wall Street Journal Staff Reporter Norihiko Shirouzu contributed to this report.
DETROIT December 13, 2002; Dow Jones reported that Ford Motor Co. is developing a replacement for its aging Taurus midsize sedan -- once the best-selling car in America and an industry icon -- based on the new Mazda6 sedan from its Japanese affiliate, Mazda Motor Co., Friday's Wall Street Journal reported, citing executives.
With its rounded styling and front-wheel drive, the original Taurus was a big hit and helped Ford out of deep financial trouble during the 1980s. But shifting tastes and unsuccessful recent designs have left the Taurus uncompetitive with newer models from Japan in recent years. Ford now sells more than half the Tauruses it builds to rental and other fleets. Toyota Motor Corp.'s Camry and Honda Motor Co.'s Accord now dominate at the top of the car-sales rankings.
With foreign rivals now attacking their strongholds in the sport-utility- vehicle and pickup-truck markets, Ford and the other U.S. auto makers are trying to shore up their largely dated car lineups, often relying on foreign affiliates to do much of the work.
Ford executives hope the Mazda-based cars, which are likely to hit the market by mid-decade, will be competitive with the Camry and Accord.
By using the Mazda vehicle as a basis for its new model, Ford is hoping to save on engineering and parts costs through greater combined volume.
My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.
My next Ford.....