Byline: Amy Wilson
Tanking SUV sales are a major reason Ford Motor Co.'s turnaround has been interrupted.
Sales of the Ford Explorer, the automaker's second best seller after the F-series pickup, plunged 25.2 percent during the first five months of this year. Expedition sales are down 21.7 percent this year. High-margin SUVs have been big profit contributors.
Ford Motor expected industrywide SUV sales to slide. But the depth of this year's decline is jarring. Ford Motor executives blame gasoline prices that soared to $2.30 a gallon this spring.
"With gas at $1.80 per gallon, like it was a little over a year ago, we'd have a very different …
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