Ford unveils future Ranger pickup for segment rivals dominate

DETROIT (Reuters) – Ford Motor Co (F.N) on Sunday will officially take the wraps off its long-awaited Ranger midsize pickup truck, a year ahead of its arrival in showrooms, as rivals consolidate positions in a segment Detroit automakers once gave up for dead.

Ford executives did not disclose prices or fuel efficiency ratings for the new Ranger during a briefing for the media ahead of the official unveiling at the North American International Auto Show in Detroit.

More than two years ago Ford telegraphed its decision to re-launch the Ranger midsize truck in North America after killing the model in 2011. At the time, Ford executives said they could satisfy pickup truck demand – and make more money – by widening the price range and engine options of its larger F-150 pickup model line. Detroit rivals General Motors Co(GM.N) and Fiat Chrysler Automobiles NV(FCHA.MI) abandoned the segment around the same time.

However, in late 2014, GM launched new Chevrolet Colorado and GMC Sierra pickups, and Japanese automakers Toyota Motor Corp(7203.T) and Nissan Motor Co(7201.T) reinvigorated their midsize pickup trucks, aiming at customers who wanted to haul bikes, surfboards and other bulky recreational gear, not sheets of plywood.

As gasoline prices stabilized, more customers turned to the new, smaller pickups. GM in 2017 sold more than 145,000 Colorado and Canyon trucks. Toyota, the segment leader, sold more than 198,000 Tacoma trucks in 2017, up 3.4 percent from a year earlier and 27 percent ahead of 2014, according to figures compiled by Autodata.

Sales in the U.S. compact pickup segment as a whole grew in 2017 to more than 417,000 vehicles, up more than 70 percent from 2014, according to Autodata.

    “We see more of an opportunity that didn’t exist five years ago,” Ford truck marketing manager Todd Eckert said.

    Ford executives said the North American Ranger will share engineering and some design elements with a work-oriented pickup the company builds and sells in Southeast Asia and other markets. The exterior and interior styling of the North American Ranger will be aimed at a more affluent, recreational use buyer.

    The new Ranger will start arriving in North American dealerships in early 2019 and be assembled at its Wayne, Michigan, factory in suburban Detroit. Ford’s decision to invest $850 million in the Wayne plant to build the Ranger and a new Bronco SUV won praise last year from U.S. President Donald Trump.

    Reporting By Joe White; Editing by Bill Trott

    The Wider Image App

    Explore the world through captivating visual stories by award-winning Reuters photojournalists. This immersive app for iPad reimagines news photography to bring images and information to life.

    The Wider Image is a winner of 25 awards for innovation, photojournalism and design and an iTunes Editors Choice.

    The Wider Image is also available as a responsive site at widerimage.reuters.com

    Features include:

    • Discover What Matters: Uncover stories, people and places you never knew existed. New visual reports added daily to the wealth of work.
    • Lean in and Learn: Get more context on every story – interact with image sequences, read expanded facts, swipe between the before and after, hear words and sounds.
    • Meet the Storytellers: Get to know the photographers with behind the scenes images and insights. Follow your favorites to see new work as it is added.
    • Show and Tell: Enjoy stunning photojournalism on your television for all to see via Apple TV. Share stories with confidence they look great on any device.
    Ford unveils future Ranger pickup for segment rivals dominate
    Ford unveils future Ranger pickup for segment rivals dominate

    GM’s new Chevy Silverado bids for more U.S. pickup profits

    DETROIT General Motors Co on Saturday fired a new round in the battle for profits from one of the U.S. auto industry’s most lucrative segments when it showed a new generation of its Chevrolet Silverado pickup truck at Detroit’s auto show.

    Louis Vuitton spared from fee-shifting in ‘obvious’ parody case; appeal expected

    Neither U.S. District Judge Jesse Furman nor the 2nd U.S. Circuit Court of Appeals thought much of Louis Vuitton’s trademark and copyright case against a small company that sold canvas tote bags riffing on Vuitton’s hallowed toile monogram design. Judge Furman granted summary judgment (156 F.Supp.3d 425) to My Other Bag in January 2016, holding that the canvas totes were an “obvious” parody that, if anything, enhanced the power of Vuitton’s brand. The 2nd Circuit affirmed (674 Fed.Ap

    Source: Reuters

    News

    BRIEF-Moody's says Euro Area's economic recovery supports stable 2018 outlook

    January 15, 2018 mmayha 0

    Jan 15 (Reuters) – Moody‘s: * MOODY‘S SAYS EURO AREA‘S ECONOMIC RECOVERY SUPPORTS STABLE 2018 OUTLOOK, DESPITE PATCHY STRUCTURAL REFORM PROGRESS‍​ * MOODY‘S SAYS FORECASTS THAT EURO AREA GROWTH WILL AVERAGE 2.0 PERCENT IN 2018, […]

    News

    RPT-Germany to include yuan in FX reserves – c.banker

    January 15, 2018 mmayha 0

    (Repeats to more subscribers) HONG KONG, Jan 15 (Reuters) – Germany’s central bank has decided to include China’s currency, the yuan, in its foreign exchange reserves, Bundesbank board member Andreas Dombret said in Hong Kong […]

    News

    Singapore files more charges against Shell oil theft suspects

    January 15, 2018 mmayha 0

    SINGAPORE (Reuters) – A Singapore court on Monday filed additional charges against nine men accused in a large-scale oil theft at Shell’s biggest refinery, the latest development in an extensive investigation in the city-state. The […]

    Be the first to comment

    Leave a Reply