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Ford, facing economic headwinds and weak EV sales, to cut 4,000 jobs in Europe

21 November 2024
in World
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Ford, facing economic headwinds and weak EV sales, to cut 4,000 jobs in Europe
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Ford Motor Co. will cut 4,000 jobs in Europe and the U.K. by 2027 due to economic challenges and competition, with most cuts in Germany. The company faces pressure to meet CO2 emission regulations and boost electric vehicle sales, which have been hampered by consumer spending hesitancy. Ford’s European sales fell, resulting in a net profit decline and the need for government support to promote e-mobility.

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Tags: 116073628ArticleBusinesscutEconomicElectric vehiclesEuropefacingFinancial performanceFordGeneral newsHeadwindsJobsSalesTransportation technologyWeakWorld news
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