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ford to cut 2900 jobs in europe amid ev challenges and competition

Ford plans to cut 2,900 jobs in Germany by 2027, representing 14% of its European workforce, due to significant losses and weak demand for electric vehicles. The automaker cites rising competition, particularly from Chinese rivals, and calls for more government support for EV infrastructure and incentives. Sales in Europe have dropped 17.9% this year, prompting a restructuring that includes closing the Saarlouis plant and previous job cuts.
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Euro Chinese Yuan United States Dollar Nissan Motor Co., Ltd. Ford Stellantis N.V. GM Volkswagen AG GBR DEU USA CHN Donald Trump John Lawler Show more
Finance & Economy, News Article
14:53 20.11.2024
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