Ford Plans 4,000 Job Cuts in Europe as EVs Lose Momentum [Yahoo! Finance]
Stellantis N.V. Common Shares (STLA)
Company Research
Source: Yahoo! Finance
Most Read from Bloomberg Paris to Replace Parking Spaces With Trees Trump Promises Could Have Seismic Impact on Washington Economy New York's Transit Agency Approves $9 Congestion Toll Tokyo's Scorching Summers Focus Public Anger Against Tree Cutting NY Congestion Pricing Survived a Pause. Here's What Could Kill It The reductions — which amount to about 14% of Ford Europe's workforce — will primarily hit operations in Germany and the UK by the end of 2027, pending consultations with unions and governments. The automaker also announced it will reduce production of Explorer and Capri EVs at its complex in Cologne, Germany. Ford vowed in early 2021 to drastically overhaul its business in Europe, saying it would go almost completely electric by the end of the decade. That transformation hasn't been going to plan, with the company announcing early last year that it would slash 3,800 jobs. Peers including Volkswagen AG and Stellantis NV have issued profit warnings in recent m
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News
- Fiat Makes Fashion Statement With Newest 500e EV [Forbes]Forbes
- German giant Bosch becomes latest firm to give employees unwanted 4-day week as economy falters [Yahoo! Finance]Yahoo! Finance
- German giant Bosch becomes latest firm to give employees unwanted 4 day week as economy falters [Fortune]Fortune
- Vacationing in Iraq, mysterious chemical in water, Jeep's downward spiral: Catch up on the day's stories [CNN]CNN
- Stellantis faces lawsuit over 'spontaneous fire risk' in some Jeeps [USA TODAY]USA TODAY
STLA
Sec Filings
- 11/22/24 - Form 6-K
- 11/8/24 - Form 144
- 10/31/24 - Form 6-K
- STLA's page on the SEC website