Ford to offer more small cars in U.S. market
As consumer demand for fuel-efficient cars continues to grow, the Ford Motor Co. plans to make six of the small models it currently sells in Europe available in the U.S.
The Michigan-based automaker, known for building pickup trucks and SUVs, is expected to announce model changes on Thursday when it releases its second-quarter earnings.
A source familiar with the company's plans revealed the changes to the Associated Press on condition of anonymity.
Ford's U.S. sales declined 14 per cent in the first half of the year as fuel surges increased steadily.
In June, the company said it was postponing the launch of its new F-150 truck and scaling back production of larger vehicles. The Dearborn, Mich.-based automaker also indicated 2008 earnings are expected to be lower than in 2007, unless the economy picked up. In 2007, the company's overall net loss totalled $2.7 billion.
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