Ford Cutting Jobs In Europe, Moving Away From Less-Profitable Vehicles - NPR Npr.org - Thu 10 Jan 21:22 GMT
The automaker says it is not yet clear how many people will lose their jobs. The cuts come during a time of turmoil for the car industry, as automakers invest heavily in new technology.
Ford Cutting Jobs In Europe, Moving Away From Less Profitable Vehicles
Ford Motor Co. is cutting jobs in Europe and backing away from less profitable models as part of a major restructuring effort, the company announced Thursday.
Ford is also in talks with worker groups over the possibility of eliminating the production of two small minivan models currently manufactured in Germany.
"I call companies like Ford ... the squeezed middle," Urquhart says.
Ford's cost-cutting measures are also responding to global trends, says Jessica Caldwell, the executive director of industry analysis at Edmunds.
Caldwell says both companies have invested heavily in developing self-driving cars and electric and hybrid vehicles.