Ford's best 'new' idea: The Taurus?
Posted
Jun 23 2009, 11:45 AM
by
Kim Peterson
Rating:
Ford (F) chief executive Alan Mulally makes no secret about his love for the Taurus. Ford had already killed the car when Mulally joined the company in 2006, but he brought it back, reports The Wall Street Journal.
Now, Mulally is hoping a new version of the Taurus (pictured) will help save his struggling company. "I have a personal interest in this car," he told the Journal. Ford will debut the new Taurus this summer.
There's no doubt that Taurus was a huge hit for Ford. Some say it was the most influential car since the Model T, according to The Associated Press. But can lightning strike twice? The new Taurus has lots of new technological goodies, but a pumped-up price tag as well, ranging from $26,000 to $40,000. That's a big hurdle to overcome for buyers in a recession facing climbing gas prices.
And doesn't the Taurus seem, well, kind of bland and stodgy at this point? A Taurus is one of those cars that you're disappointed to get at the airport car-rental lot. I can't see it fueling the excitement of buyers who have many lower-priced options.
It's unclear what kind of buyer Ford wants to attract with the new Taurus. An editor at Edmunds.com tells the Journal that Ford is going after older Taurus fans, pushing the new Taurus as more of a town car for individual drivers rather than a family sedan.
Ford is reportedly spending hundreds of millions of dollars developing and marketing the new Taurus. It's a big gamble.
Related reading:
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Can Ford keep its head above water?