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Ford: Explorer era nearing a close.

The Indianapolis Star (Indianapolis, IN)

| January 24, 2006 | COPYRIGHT 2007 The Indianapolis Star. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Ted Evanoff

Jan. 24--Detroit's hard-pressed auto industry is reeling in an icon of the 1990s' automotive excess.

Dogged by dismal sales of the Explorer SUV, Ford said Monday it will close its main Explorer plant in St. Louis. It's part of a wider plan by Ford to idle 30,000 workers, shut 14 plants and wipe out 26 percent of the automaker's assembly capacity in North America.

While Explorer production will continue in limited volumes at Louisville, Ky., the decision to close the sport utility vehicle's home plant is regarded as a clear signal that popularity for the hefty SUV, Detroit's lifeblood for the last two decades, is waning.

Meanwhile, Ford reported 2005 earnings Monday of $2 billion, down from $3.5 billion a year earlier. Earnings in Europe, Asia and on its finance operations were offset by a $1.6 billion loss on Ford's…

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Source: HighBeam Research, Ford: Explorer era nearing a close.

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