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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.
17h
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 ...
1d
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, ...
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 ...
1d
on MSN
Northvolt, Hailed As Europe’s Future EV Battery Champion, Files For Bankruptcy
Swedish-based Northvolt, which was seen as one of Europe’s best shots at fighting off China’s electric vehicle battery ...
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, ...
2d
Europe’s Great EV Battery Hope Goes Bust
Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union.
1d
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 ...
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