Brian97V8
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Just found this article and thought everyone might enjoy it.
Design problems force Ford to delay new Explorer
Ford Motor Co. told analysts Wednesday it's delaying the launch of its redesigned Explorer sports utility by five months because of design problems.
Ford's new Explorer is taller, wider and longer than the current version, with an optional third row of seats for passengers. It includes an independent rear suspension rather than traditional leaf springs for a smoother ride and better handling.
Larger vehicles typically generate bigger profits. Ford will minimize this loss by continuing to build the current Explorer, which is selling at a record pace even though it was introduced a decade ago.
Sales of the redesigned Explorer for the 2001 model year "should meet or exceed 2000 calendar-year production," said John Casesa, a Merrill Lynch analyst.
Ford sold 36,164 Explorers in April, up 25.6 percent from the year-ago month, partly because sales now include a Sport Trac version with a small truck-bed in the rear.
The company delayed the redesigned Explorer after top Ford executives drove prototypes and ordered substantial changes, said Alan Baum, an analyst with IRN Inc. in Grand Rapids, Michigan.
Production is now scheduled to begin in mid-November at a factory in Kentucky, Baum said.
Ron Iori, a Ford spokesman, confirmed the delay, but said its impact will be offset by continued strong sales of the current model.
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Brian
97 XLT AWD V8
K & N Filter
Design problems force Ford to delay new Explorer
Ford Motor Co. told analysts Wednesday it's delaying the launch of its redesigned Explorer sports utility by five months because of design problems.
Ford's new Explorer is taller, wider and longer than the current version, with an optional third row of seats for passengers. It includes an independent rear suspension rather than traditional leaf springs for a smoother ride and better handling.
Larger vehicles typically generate bigger profits. Ford will minimize this loss by continuing to build the current Explorer, which is selling at a record pace even though it was introduced a decade ago.
Sales of the redesigned Explorer for the 2001 model year "should meet or exceed 2000 calendar-year production," said John Casesa, a Merrill Lynch analyst.
Ford sold 36,164 Explorers in April, up 25.6 percent from the year-ago month, partly because sales now include a Sport Trac version with a small truck-bed in the rear.
The company delayed the redesigned Explorer after top Ford executives drove prototypes and ordered substantial changes, said Alan Baum, an analyst with IRN Inc. in Grand Rapids, Michigan.
Production is now scheduled to begin in mid-November at a factory in Kentucky, Baum said.
Ron Iori, a Ford spokesman, confirmed the delay, but said its impact will be offset by continued strong sales of the current model.
------------------
Brian
97 XLT AWD V8
K & N Filter