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Ford announces 4K job cut in EU
Ford cuts 4,000 jobs in Europe amid weak demand for EVs and rising competition
The job cuts will mostly affect Germany and the UK. They follow "significant losses" in Ford's passenger vehicle operations and an uncertain outlook.
Ford Plans 4,000 Job Cuts in Europe as EVs Lose Momentum
Ford Motor Co. will look to eliminate another 4,000 positions in Europe, further retrenching from a region where the transition to electric vehicles is losing traction industrywide.
Ford retracts in Europe with layoffs and lower EV production
The EV market is struggling in Europe, where sales of new EVs in Germany dropped nearly 37 percent in July 2024 from the same month a year ago. The German government recently ended its subsidy program for EVs, which had provided up to around €6,000 toward the purchase of new battery-electric and plug-in hybrid cars.
EV, Northvolt and Europe
Northvolt crisis may be make or break for Europe's EV battery ambitions
Northvolt's financial collapse deals a blow to Europe's plan to set up its own battery industry to power electric cars, stirring a debate about whether it needs to do more to attract investment as startups struggle to catch up with Chinese rivals.
Battery giant Northvolt files for bankruptcy in major setback to Europe's EV ambitions
Swedish battery maker Northvolt filed for Chapter 11 bankruptcy protection in the U.S., delivering a blow to Europe’s electrification ambitions.
Northvolt files for bankruptcy, leaving Europe's EV battery hopes in doubt
"The company will continue to make deliveries to customers, while fulfilling obligations to critical vendors and payment of wages to employees," according to a statement from Northvolt. Read also: EU to back Trump on China trade pressure in exchange for Ukraine support Northvolt filed for bankruptcy in the U.
13h
on MSN
Europe’s electric car revolt claims its biggest scalp yet
Analysts at Rho Motion pared back their predictions for EV sales by a quarter, to 8.3m by 2030. In Europe, home to ...
17h
on MSN
An EV-battery maker that raised $15 billion from investors including Goldman Sachs filed for bankruptcy protection after almost running out of cash
Northvolt has struggled to boost production at its Swedish battery factory and recently announced 1,600 layoffs amid weak ...
1d
Can EV charging electrify Europe’s economic future?
The European EV charging industry is set to contribute €92bn to the economy by 2035 despite grid connection and regulatory ...
2d
on MSN
European car sales flat in October, EVs gain ground, ACEA says
New car sales in Europe were flat in October, after falling for two consecutive months, industry data showed on Thursday, ...
Business Insider on MSN
18h
China's 'ruinous' EV price war cannot last forever, says Volkswagen exec
He outlined VW's plans to address its financial situation by the end of 2026 and launch eight new models, including ...
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