It was today that Ford Motor (NYSE:F) made an announcement regarding the unveiling of its two new models which according to sources combine proven body styles with forward-looking technology. It is the first time that the business guru is offering a hybrid powertrain in a taxi model. And its spokesperson has stated that it will be getting a 40 mpg in the city.
Latest announcements and the current state of affairs
This announcement pulls along a short while after the company made the pronouncement that it would dramatically cut down on the number of traditional cars it intends to sale out in the North American market.
The other announcement was about the Transit Connect Taxi rocking a 1.5-liter diesel engine and it comes along with a large room behind the second row making it a more preferred choice to the competing Nissan NV200 Taxi.
The announcement today is momentous one in the automotive market. It was some time ago that the Ford Crown Victoria ruled the taxi market and reports indicate that there is still a number tapped for duty across the United States.
It goes without saying that Ford is currently doing all within its means to remain relevant. Its strong efforts are being witnessed through its continued use of the non-traditional powertrains though there are persons that could launch arguments outlining that the hybrid and diesel powertrains are now nearly traditional powertrains.
The American car maker is first rising especially in the expanding Indian car market. Reports indicate that it is currently in the seventh position whereas Renault takes the eighth and in explaining the matter one of the officials cited the fact that its volume had been facing immense pressure over some months.
An outlook at the data over the first five months of 2018 indicated that Ford was able to sell almost 44,000 units of passenger vehicles in the domestic market and that was way up compared to a figure of 36,000 units that Renault sold.
The unveiling of Renault’s Kwid in September is said to have helped the business grab a higher market share as well as build steam in the Indian market where it overtook rivals to eventually settle in the seventh spot.