Reported 1 day ago
Ford announced it will cut about 14% of its European jobs, approximately 4,000 positions, primarily in Germany and the UK, due to significant financial losses, weak electric vehicle demand, and increasing competition from Chinese manufacturers. This decision follows a trend among automakers to downsize as they contend with rising competition, waning demand, and the costly transition to EVs. Ford is urging the German government for better incentives and infrastructure to aid the shift towards electric mobility.
Source: YAHOO