Ford to cut 4,000 jobs in Europe, cites disruptive shift to electric vehicles, economic headwinds [Yahoo! Finance Canada]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: Yahoo! Finance Canada
Ford said Wednesday 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. European automakers must sell enough electric vehicles to meet new, lower limits for fleet ave
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- 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