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The Explorer, once a hulking family-hauler that helped launch the truck-based SUV boom in the early 1990s, was redesigned for the 2011 model year. The new version is based on car rather than truck underpinnings and is more efficient and maneuverable than the old one. The new vehicle started arriving at dealers late in 2010. The company sold more than 135,000 Explorers in 2011. Ford shares rose 1 cent to $10.28 in afternoon trading Friday. They are down 20 percent from $12.90 in mid-March.
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