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Ford Motor Co. is preparing to phase out its 71-year old Mercury brand, adding to the list of storied Detroit nameplates that reached the end of the road in recent years as the industry has become more competitive.
Ford Chief Executive Alan Mulally and his top lieutenants have won the backing of key members of the Ford family and are expected to seek approval from the car maker's board to kill Mercury after years of dwindling sales, a person familiar with the matter said Thursday.
Mercury was created in 1939 by Edsel Ford, the son of legendary founder Henry Ford. It was prompted by General Motors Co.'s strategy of building a "ladder of brands" that included Chevrolet, Pontiac, Oldsmobile, Buick and Cadillac. That allowed GM to appeal to a wide range of customers and move them up the brand and price ladder as their incomes rose, enabling GM to pass Ford as the world's largest auto maker
Originally posted by jibeho
It is certainly sad to see Mercury go but this is a bright move for Ford. The market can no longer support redundant car models with different badges. This would explain the overall success of Toyota, Honda et.al. who never bought into this concept of the Big 3. Reminds of my old Chevy Chevette and how I longed to upgrade to the Pontiac T1000.
Originally posted by abecedarian
Originally posted by jibeho
It is certainly sad to see Mercury go but this is a bright move for Ford. The market can no longer support redundant car models with different badges. This would explain the overall success of Toyota, Honda et.al. who never bought into this concept of the Big 3. Reminds of my old Chevy Chevette and how I longed to upgrade to the Pontiac T1000.
Honda = Acura
Toyota = Lexus
Nissan = Infinity
What was that about redundant models with different badges?
Originally posted by abecedarian
Originally posted by jibeho
It is certainly sad to see Mercury go but this is a bright move for Ford. The market can no longer support redundant car models with different badges. This would explain the overall success of Toyota, Honda et.al. who never bought into this concept of the Big 3. Reminds of my old Chevy Chevette and how I longed to upgrade to the Pontiac T1000.
Honda = Acura
Toyota = Lexus
Nissan = Infinity
What was that about redundant models with different badges?
Originally posted by ziggy1706
I know i said you should never buy something based on how it looks* but damn the FROD focus make me eat my own words