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Ford announces 4K job cut in EU
Ford is cutting another 4,000 jobs in Europe as it loses ground in the global EV race
Ford plans to cut another 4,000 jobs in Europe by the end of 2027 as part of its restructuring. The company blamed the “weak economic situation” and “lower-than-expected” demand for electric cars.
Ford to cut European jobs as EV shift, Chinese rivals take toll
Ford said it would cut around 14% of its European workforce on Wednesday, blaming losses in recent years due to weak electric vehicle demand, poor government support for the EV shift and competition from subsidized Chinese rivals.
Ford To Cut 4,000 Jobs in Europe, Cites Weak EV Sales and Economic Pressures
Electric vehicle demand in Europe has been sluggish, with sales in Germany dropping significantly in the first nine months of 2024.
Electrek
10d
Ford’s EV struggles continue as ‘rapidly deteriorating’ market conditions take a toll
Ford says a “rapidly deteriorating” EV market is to blame as it plans to slow the output of more electric models. Starting ...
autoevolution
9d
Ford Shot Itself in the Foot With Capri and Explorer EV Based on Volkswagen's MEB Platform
Ford's plan to go all-electric in Europe by switching to EVs built on Volkswagen's MEB architecture didn't pan out, and there ...
9d
Ford Cuts Capri, Explorer EV Output Due To 'Significantly Lower Than Expected Demand' After Pausing F-150 Lightning Production
Ford is reportedly slowing production of the electric Capri and Explorer at the company's Cologne factory in Germany owing to ...
Electrek
2d
BYD chases Ford and Toyota with its latest EV plant set to open in Cambodia
China’s EV giant BYD is aggressively expanding overseas. As it finalizes plans for yet another EV manufacturing plant, this ...
Torque News
1d
Ford F-150 Is the Best CPO 1/2 Ton Pickup Says Vincentric, But It’s the Slow-Selling Lightning EV Which They Are Paying Dealers To Move Out
It's not a surprise that the Ford F-150 received the best certified pre-owned award. It is a surprise it's the Ford F-150 Lightning. Dealers can't sell the EV, and Ford is paying them to move it out.
2d
on MSN
Ford to reassign 400 assembly workers to nearby plants as Bronco sales drop
The workers at Michigan Assembly Plant will be relocated to either the Dearborn Engine Plant or Monroe Parts Depot in the ...
5d
on MSN
What happened when Ford paid a famous YouTuber to drive around the globe in an EV
Back in March, YouTuber Lexie Alford (aka “Lexie Limitless”) became the first person to drive around the world in an electric ...
6d
on MSN
Move over Ford, this EV might be the next popular police car
Whatcha' gonna do when they come for you?" 💰💸 Don't miss the move: SIGN UP for TheStreet's FREE Daily newsletter 💰💸 ...
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