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Ford announces 4K job cut in EU

Business Insider on MSN · 3d

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.

Bloomberg on MSN · 3d

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.

The Verge on MSN · 3d

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, Europe and Northvolt

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.

Fast Company · 1d

Northvolt files for bankruptcy—putting the breaks on Europe’s EV dreams

Northvolt transformed in a matter of months from Europe's best shot at a homegrown electric-vehicle battery champion to a struggling company.

NBC Los Angeles · 1d

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.

20hon 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 ...

1don MSN

Europe’s electric car revolt claims its biggest scalp yet

On the edge of the Arctic Circle, thousands of employees at Northvolt trudged to work on Friday morning, braving snow, slush ...

2don 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, ...

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 ...

3don MSN

Zeekr 7x Crossover Spotted Testing In Europe Before Debut

The Zeekr 7x is BMW X3-sized, placed above the Zeekr X, but below cars like the Volvo EX90 or Polestar 3.

Business Insider on MSN21h

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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