Europe's Woes Put Ford Coupe Proposal on Hold
By Richard Bremner, Correspondent | Published Nov 16, 2012
Just the Facts:
- Ford of Europe has developed a new coupe proposal, envisioning a car positioned beneath the Ford Mustang, but the project has been put on hold because of ongoing concerns about Europe and the global economy.
- The need for a more glamorous model is increasingly being felt by Ford's European arm.
- Insiders tell Edmunds that Ford President and CEO Alan Mulally rejected the coupe proposal, concluding that the market for specialty models is currently too uncertain for it to be viable.
LONDON — Ford of Europe has developed a new coupe proposal, envisioning a car positioned beneath the Ford Mustang, but the project has been put on hold because of ongoing concerns about Europe and the global economy.
The need for a more glamorous model is increasingly being felt by Ford's European arm.
Insiders tell Edmunds that Ford President and CEO Alan Mulally rejected the coupe proposal, concluding that the market for specialty models is currently too uncertain for it to be viable.
The design was developed from one of Ford's core global platforms, but it's not clear where the coupe sits in terms of size, price and performance.
Although the next Mustang has been developed for global sale, Ford of Europe believes that its sales potential here will be limited owing to its size, price and thirst. While coupes are risky models from the profitability perspective — overall volumes are low and they tend to have short lives — the need for a sexier halo car within a Ford range increasingly populated by MPVs and SUVs is growing.
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