Posted by mike on 1998/7/30 0:00:00 (1081) reads
Ford recently announced that beginning in the year 2001, they will be selling a all-new sport utility vehicle. Sources report that it will be positioned to challenge the Toyota RAV4, Honda CRV, and Jeep Wrangler. According to a Reuters report:
Industry analysts said the vehicle, unnamed but code-named U204, will be built on a car platform, much like the popular CR-V by Honda Motor Co. Ltd. (7267.T) and RAV4 by Toyota Motors Corp. (7203.T).
Ford officials would only say it is an all-new platform, but analyst Joseph Phillippi of Lehman Brothers said it will be an all-wheel-drive version of Mazda Motor Corp.'s (7261.T) 626 car platform. Ford owns about one-third of Mazda, which will introduce its own version of the vehicle shortly after Ford.
The sport utility, to be sold as a Ford-badged 2001 model, will seat five and is expected to get more than 20 miles per gallon. Phillippi expects it to be priced in the low-$20,000 range to start to make it competitive with the Japanese.
The comments are owned by the poster.
We aren't responsible for their content.
You must login or register to post a comment.