By Nick Aziz
Tuesday, Feb 6th, 2007 @ 10:06 am
Ford will announce on Wednesday plans to rename its Five Hundred mid-size sedan "Taurus," according to a report by Dow Jones Newswires. The name change will be announced at the Chicago auto show.

A month ago, a report in BusinessWeek suggested Ford could revive the Taurus name, but it seemed unlikely at the time.

CEO Alan Mulally was quoted as saying Ford should have never dropped the nameplate in the first place. "I havent had time to do the deep dive on why we stopped investing in Taurus, but I'd like to," said Ford CEO Alan Mulally. "The Ford Five Hundred should have been the new Taurus."

In the same report, Ford's new marketing chief Barry Engle expressed a similar sentiment. Asked why Ford doesn't rename the Fusion or the Five Hundred "Taurus," Engle said, "stranger things have happened ["¦] I don't know why we invest hundreds of millions of dollars in a name over 20 years and then walk away from it."

Ford revealed the redesigned 2008 Five Hundred at the Detroit auto show in January. Ford gave the sedan new headlights, taillights, and its three-bar signature grille.

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