Ford Says Goodbye to 2 Popular Crossovers
Ford Motor Company (NYSE: F) investors and consumers are about to wave goodbye to a couple of very successful crossovers. In a shock to some, Ford recently announced the Escape and Lincoln Corsair will both be retired and discontinued at the end of the 2026 model year. For the Escape, it means the end of a good run that was highlighted by helping revive Ford after the 2008 financial crisis and the Great Recession. For investors, though, this is a bit of a risk for Ford -- let's dig in.
Image source: Ford Motor Company.
Ford's announcement shocked many because the two crossovers are popular and sell well. In fact, the Escape sold 93,805 vehicles in the U.S. through July, which was enough to outsell Ford's iconic Bronco and Bronco Sport separately, and that's with the Bronco posting impressive 45% year-over-year growth. Meanwhile, the Corsair was the second-best-selling Lincoln model through July, behind only the Nautilus.
Source Fool.com
