German auto supplier Bosch to cut 5,500 jobs in further sign of auto industry woes [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
The company cited stagnating global auto sales, too much factory capacity in the auto industry compared with sales prospects and a slower than expected transition to electric-powered, software-controlled vehicles. The news comes two days after Ford Motor Co. announced plans to drop 4,000 jobs in Europe , and with Volkswagen employees threatening work stoppages over what they say management has told them are plans to close as many as three factories in Germany. Revenue at Stellantis , created through the 2021 merger of PSA Peugeot and Fiat Chrysler Automobiles, tumbled 27% in its most recent quarter that ended this fall. Auto sales have slowed this year in Europe as consumers stung by inflation hold back on spending, while automakers have sunk billions into developing electric cars only to see slower sales than expected and new competition from cheaper Chinese brands. The German government abruptly cancelled purchase incentives at the end of last year, sending electric vehicles sa
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News
- Hyundai recalls more than 145,000 Ioniq and Genesis EVs that can lose power while driving [Verge, The]Verge, The
- Here's why you should avoid owning Zegna shares: Morgan Stanley [Yahoo! Finance]Yahoo! Finance
- FCC passes auto safety spectrum rules [Verge, The]Verge, The
- Mexico acknowledges Ottawa's worry about Chinese auto plant, but says none exists [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Ford announces 4K job cut in EU amid 'highly disruptive' shift toward stricter EV emissions standards [FOX Business Network]FOX Business Network
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