Ford will cease promoting the Transit Join van in the US by the top of subsequent yr and has scrapped plans to construct the automobile’s subsequent mannequin in Mexico, Automotive Information reported on Tuesday.
U.S. gross sales of the Transit Join small van have been falling for some time and Ford mentioned final yr it might withstand $1.3 billion in penalties in a long-running dispute over import duties paid on the automobiles.
Gross sales had been down 15% by means of July in the US, after falling about 25% final yr.
The automaker will cease importing the van for the U.S. market by the top of subsequent yr, the report mentioned, citing individuals with information of the choice.
Ford declined to touch upon the report.
The Dearborn, Michigan-based automaker final month reported better-than-expected web revenue for the second quarter and reaffirmed its annual revenue outlook, however mentioned administration is “actively wanting” at how you can offset surging prices.
The corporate on Monday mentioned it will lower a complete of three,000 salaried and contract jobs, largely in North America and India, because it races to develop software-driven electrical automobiles.
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