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Consumer Corner: Foreclosure settlement no magic bullet for economy
DEARBORN, Mich., Jan. 3 (UPI) -- Ford Motor Co., the No. 2 U.S. automaker, announced Wednesday it would discontinue production of the Ford Freestar minivan.
Ford's Oakville, Ontario, plant will now focus on building the new Ford Edge and Lincoln MKX crossover vehicles, The Detroit News reported.
The automaker, pinning hopes on the Edge and the MKX in its restructuring, initially intended to continue building the Freestar early this year, but changed its mind after minivan sales lagged and demand for the Edge and the MKX increased, spokeswoman Anne Marie Gattari said.
Ford sold only 50,000 Freestars in 2006 and discontinued the Freestar twin Mercury Monterey minivan in August.
The Freestar replaced the Ford Windstar in the 2004 model year. The name change accommodated Ford's strategy to rename their cars with words beginning with "F."
Ford said its overall sales of cars and light trucks plunged 13 percent to 233,621 vehicles in December, compared with 267,881 a year ago.
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SYDNEY, Feb. 13 (UPI) --
Researchers in Australia are developing a solar roof system that uses wasted energy to warm air and water.
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WASGHINGTON, D.C., Feb. 13 (UPI) --
Defense industries are weighing the potential impact of proposed defense cuts running into tens of billions of dollars over the next 10 years.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
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