Ford to Stop Making GT, High-Performance SUV

Ford Motor Co. said it would end production of the $150,000 GT sports car this year and scrap plans for a high-performance sport utility vehicle as it moves to cut costs and reduce losses in North America.

Ford sold 1,032 GTs last year after starting production in 2003 to mark its centennial celebration. The Dearborn, Mich.-based automaker also is canceling the Explorer Sport Trac Adrenalin, a 390-horsepower SUV.

Chief Executive William Clay Ford Jr. approved production of the GT in 2002, a month after he announced his first restructuring plan for the company.