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Ford Motor Company

People at the Ford display at the Essen Motor Show fair in Essen, Germany, in December 2017. The automaker has announced it will be cutting some jobs in Europe to reduce costs. Patrik Stollarz/AFP/Getty Images hide caption

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Patrik Stollarz/AFP/Getty Images

Ford will focus on SUVs and trucks — and eliminate many of its sedans — in the North American market. Here, the company's trucks were highlighted at the 2018 North American International Auto Show in Detroit. Jewel Samad/AFP/Getty Images hide caption

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Jewel Samad/AFP/Getty Images

New Ford Motor Company CEO Jim Hackett listens to a question after being introduced as the automaker's chief executive, in Dearborn, Mich., on Monday. Paul Sancya/AP hide caption

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Paul Sancya/AP

Ford Gives New CEO Jim Hackett A Big To-Do List

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As Big 3 Automakers Begin Union Talks, Both Sides Say Profit Is Job 1

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A 2015 F-150 rolls off the assembly line at the Dearborn Truck Plant in Dearborn, Mich. The aluminum-sided F-150 could set a new industry standard — or cost the company its pickup truck crown. Paul Sancya/AP hide caption

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Paul Sancya/AP

For Best-Selling Truck, Ford Bets Big On Aluminum

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Ford says it sold the most F-series trucks since 2006. Here, a 2014 F-150 goes through quality control on the assembly line at Ford's Dearborn Truck Plant. Bill Pugliano/Getty Images hide caption

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Bill Pugliano/Getty Images