Ford: End of the Line for Mercury Brand
Ford Motor Co. says it will end production of its Mercury brand by the end of this year.
Ford's board of directors approved ending the brand Wednesday morning. Ford plans to make up for the lost sales by expanding its luxury Lincoln brand.
Mercury sold just over 92,000 vehicles last year.
"We have made tremendous progress on profitably growing the Ford brand during the past few years. Now, it is time to do the same for Lincoln," said Mark Fields, Ford's president of The Americas, in a press release.
Ford has 1,712 dealerships currently selling Mercurys. Some will continue selling Lincolns and Fords and some could be consolidated into existing Ford dealerships.
Ford didn't say how much it expects to pay to close the dealerships. But Americas President Mark Fields said the closure doesn't affect the company's forecast that it will be solidly profitable in 2010.
Owners and dealers will reportedly receive information about care and maintanance and service support for Mercury products.
Ford says it doesn't plan to lay off any workers at its Dearborn, Mich., headquarters.
"We are 100 percent committed to supporting Mercury owners through Ford and Lincoln dealerships and working hard to keep them as valued customers in the future," Fields said in a statement. "At the same time, we will work closely with our dealers to phase out Mercury franchises and continue to build a healthy, growing Lincoln with strong new products and a profitable dealer network that delivers a world-class customer experience."
CBS/ AP Ford's board of directors approved ending the brand Wednesday morning. Ford plans to make up for the lost sales by expanding its luxury Lincoln brand.
Mercury sold just over 92,000 vehicles last year.
"We have made tremendous progress on profitably growing the Ford brand during the past few years. Now, it is time to do the same for Lincoln," said Mark Fields, Ford's president of The Americas, in a press release.
Ford has 1,712 dealerships currently selling Mercurys. Some will continue selling Lincolns and Fords and some could be consolidated into existing Ford dealerships.
Ford didn't say how much it expects to pay to close the dealerships. But Americas President Mark Fields said the closure doesn't affect the company's forecast that it will be solidly profitable in 2010.
Owners and dealers will reportedly receive information about care and maintanance and service support for Mercury products.
Ford says it doesn't plan to lay off any workers at its Dearborn, Mich., headquarters.
"We are 100 percent committed to supporting Mercury owners through Ford and Lincoln dealerships and working hard to keep them as valued customers in the future," Fields said in a statement. "At the same time, we will work closely with our dealers to phase out Mercury franchises and continue to build a healthy, growing Lincoln with strong new products and a profitable dealer network that delivers a world-class customer experience."
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No way will car prices ever come down until the UAW's stranglehold on auto companies is broken. And that sure will not occur under obamao's regime."
There is no stranglehold by the UAW, ridiculous.
Toyota, Nissan, Honda, Hyundai, Mercedes Benz and BMW (maybe others) all build cars in the USA without the UAW. Add to this the many, many imports that obviously do not have the UAW and your comment just doesn't make sense.
Cheaper cars are coming to America soon, from China. When that happens, what will you say about the UAW? Also, what will cheaper cars do for our roads and for our environment? What will happen to our car industry? Maybe we will lose our car industry as we have lost so many others?
Worry more about the environment, worry more about cheap Chinese labor and the loss of American jobs overseas, and stop worrying about the UAW which is struggling to survive.
As for your Obama comment;your George Bush had 8 years to destroy labor and did an excellent job. Relish the victory.
Lincoln is the same, save for an upgrade in trim.
GM and Chrysler, are just as bad.
Even the imports are doing it now, as the Hyundai and Kia merger has now introduced a dual model, from them, that is basically the exact same car, with a different label.
It is long past time for these duplicate labels to disappear. The consumer wants real choice, not just an outdated label.