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

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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