Ford, ironically, is an example of a company that has recently exited a huge business segment - they no longer make sedans. They now exclusively make SUVs and trucks. It is largely thought of as a pretty good move on their part.
Google probably should spin off GCP rather than killing it, but it's not a terrible idea to divest from a failing arm of a business. Google (like Intel) just does it too early.
This is a US/NA focused comment. Ford makes sedans in EU and other markets. They also make sedans for the US market in China and other manufacturing locations.
So it's true that Ford US manufacturing have exited sedan production, Ford itself continues to build and sell sedans.
Google probably should spin off GCP rather than killing it, but it's not a terrible idea to divest from a failing arm of a business. Google (like Intel) just does it too early.