USA

Ford to Cut 4,000 Jobs in Europe as Electric Vehicle Sales Slow

Auto giant Ford downshifts in Europe, announcing the reduction of 4,000 jobs amidst sluggish electric vehicle demand. This move marks a gear change from previous plans for accelerated electrification. The company aims to optimize operations and become more competitivo as it navigates the shifting automotive landscape, with the ultimate goal of strengthening its position in the race towards sustainable mobility.