Ford to cut 4,000 jobs in Europe, cites disruptive shift to electric vehicles, economic headwinds [Yahoo! Finance]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: Yahoo! Finance
the economy and pressure from increased competition and weaker than expected sales of electric cars. Ford said most of the job cuts would come in Germany and would be carried out in consultation with employee representatives. The company said that it would also reduce working time for workers at its Cologne, Germany plant where it makes the Capri and Explorer electric vehicles. Dave Johnston, Ford's European vice president for transformation and partnerships, said in a statement that “it is critical to take difficult but decisive action to ensure Ford's future competitiveness in Europe.” The company said that “the global auto industry continues to be in a period of significant disruption as it shifts to electrified mobility.” “The transformation is particularly intense in Europe where automakers face significant competitive and economic headwinds while also tackling a misalignment between CO2 regulations and consumer demand for electrified vehicles,” the statement said. Eu
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News
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- Ford announces 4K job cut in EU amid 'highly disruptive' shift toward stricter EV emissions standards [FOX Business Network]FOX Business Network
- Skyryse, ACE partner to make hundreds of Black Hawk helicopters easy enough for anyone to fly [Yahoo! Finance]Yahoo! Finance
- Ford to reassign 400 assembly workers to nearby plants as Bronco sales drop [USA TODAY]USA TODAY
- Ford job cuts signal a bumpy road ahead for EV motor finance [Yahoo! Finance]Yahoo! Finance
F
Earnings
- 10/28/24 - Miss
F
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- F's page on the SEC website