Ford introduces new Explorer

Ford introduces new Explorer

DEARBORN, Mich.

The Ford Explorer, the hulking family-hauler that helped launch the SUV boom in the early 1990s, is back. And it hopes to define a new generation of more streamlined, fuel-efficient sport-utility vehicles.

Ford begins a marketing campaign today for the 2011 Ford Explorer, which will be in dealerships this winter. It’s an important vehicle for the automaker. Ford says the Explorer is its best-known product after the Mustang.

The new Explorer has been completely redesigned. The most obvious difference: It’s built on a car platform, not a truck one, so it sits lower to the ground and has a smoother, more fuel- efficient ride.

Geithner favors letting cuts expire

WASHINGTON

Treasury Secretary Tim Geithner said Sunday that allowing tax cuts for the wealthy to expire would be “the responsible thing to do.”

This is the last year for the tax cuts enacted under President George W. Bush. Republicans generally have favored extending all of them. Though Democrats are divided on the issue, President Barack Obama has favored allowing the expiration of cuts he says have applied to the wealthiest people.

Associated Press