Ford is the biggest seller of police vehicles — here's why.
. is the second-largest U.S. automaker, but the biggest seller of police vehicles.
Ford controls more than half the police vehicle market in the U.S., and has since at least 2014, the company told CNBC, citing IHS data. The Ford Police Interceptor Utility, which is the police package version of the Ford Explorer SUV, accounts for a great deal of that. In July, CEO Jim Hackett had to address concerns from his own employees about Ford's sales to police departments, at a time when law enforcement agencies around the country are under intense scrutiny and criticism.
Ford's fleet sales are a small share of the company's total business, but they provide a steady income for an automaker in an otherwise highly cyclical business. Ford has been selling vehicles equipped with dedicated police packages to departments since 1950. And despite the controversy, some industry analysts don't think Ford is likely to abandon its police vehicle program anytime soon.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Why Lincoln's move to an all-SUV lineup is a smart strategy - Business InsiderLincoln is synonymous with old-school American luxury, but it's had to make some changes in order to survive in 2020’s luxury car market. To stay relevant, Lincoln has a plan. And it's willing to make some sacrifices to pull it off.
Weiterlesen »
Why investors should care about the fate of TikTokWhat happens to TikTok isn't just a question for its millions of American users.
Weiterlesen »
Here’s Why The Political World Is Abuzz About Sen. Kamala HarrisHarris has emerged as the seemingly inevitable frontrunner as Biden’s stated VP deadline draws near, drawing fierce opposition from some in Biden’s circle.
Weiterlesen »
Why this tech veteran doesn't want to be just 'on par' with industry diversity numbersSoftware company SAP announced in June a goal to double its representation of Black workers, from 3% to 6%, in the next three years.
Weiterlesen »
Jumio BrandVoice: Why Remote Onboarding Will Make Or Break Banks In 2020Financial institutions have had no choice but to innovate — and quickly — or risk losing market share and reputation to their more digitally nimble competitors.
Weiterlesen »