What would Henry think? Ford is about to almost abandon American sedans

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By 2020, Ford said, almost 90 percent of its portfolio in North America will be trucks, utilities and commercial vehicles.

The full-size Taurus, midsize Fusion, small Fiesta and wagon-like C-Max will no longer be sold in North America, Ford officials said.

Ford made $1.74 billion from January through March, or 43 cents per share, compared with $1.59 billion, or 40 cents per share a year ago.

Ford's revenue worldwide increased 7 percent to $42 billion for the quarter.

The No. 2 automaker in the US said it is now planning to cut up to $25.5 billion by 2022 in costs, which is up from its previously announced amount of $14 billion last fall.

In another change, Ford says it will add hybrid motors to its profitable high-volume vehicles, like its F-150 truck, Explorer and Escape SUVs, and the Mustang. The company previously predicted $14 billion in cuts by 2022.

Ford finds itself on a road similar to the route Fiat Chrysler Automobiles NV followed to pass Ford in North American profitability.

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What does all of this mean for Ford long-term?

Ford also says it will have 16 battery-electric vehicles on the market within the next four years.

Ford currently builds all of its police vehicles in Chicago and has seen a similar shift in demand away from sedans, with the Police Interceptor Utility model now representing 80 percent of sales, she said.

In a conference call on Wednesday, the chief executive said Ford will outline a full turnaround plan for investors and analysts on September 26. The Ford Mustang and Ford Focus will also remain in the lineup.

The statement put the Fusion family vehicle, Fiesta subcompact, Taurus sedan and C-Max hybrid on death watch in Ford's biggest and most profitable market. The company expects its profit margin in North America to rise to 10 percent by 2020, Shanks said. And in every region of the world, Ford reported either a decline in profits or a loss. The 2019 Ford EcoSport was rated by the EPA at 27 mpg city, 29 highway, 28 combined in its most efficient powertrain configuration: front-wheel drive and a 1.0-liter turbo-3. Ford will still produce the Mustang and a new Focus Active crossover.

The Mustang muscle auto will be all that's spared from Ford's slashing of its sedan lineup in North America.

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