Even though Ford honcho Alan Mulally was seriously smitten by the company's Aussie Falcon G-Series, doubts about the car's future were presaged nearly a year-and-a-half ago as Ford built momentum behind the "One Ford" program. That initiative focused on the rationalization of platforms, so multiplel vehicles sold around the world could share underpinnings and save the Blue Oval some bucks. But with new fuel mileage requirements, the fate of the rear-wheel drive Falcon began to grow dark.
For the last umpteen years (since about 1979, to be exact), Ford has owned a significant share of Japanese automaker Mazda, growing in 1997 to a 33.4-percent controlling stake. As such, the two automakers have historically shared a significant amount of resources and product architectures – a system that has helped both companies remain competitive in the increasingly tough automotive market.
2010 Ford Fiesta – Click above for high-res image gallery
Ford only lost hundreds of millions during the third quarter of 2007, versus the 5-something billion they torched through for the same period in 2006. Sales and revenue are up, and while we can't see it yet, there might be a light at the end of the tunnel. Of course, it could be attached to a train, but let's focus on the positive. Ford's been eyeing the sell off of some of their PAG holdings as a way to stem their ongoing losses, and it's been speculated that Volvo could be on the chopping bloc