Related News
Ford to stop output of some models
US automaker Ford Motor Co plans to drop production of some of its automobile models as part of a planned operational restructuring announced earlier this year, sources told The Times.
The British newspaper reported that Ford planned to end production of Mondeo, Galaxy and S-Max models and focus on more lucrative sport-utility vehicles. Ford also plans to cut its number of dealerships, the Times said.
In July, Ford’s chief executive officer, Jim Hackett, said the company planned to spend around US$11 billion on a restructuring of its European business.
Ford lost US$73 million in Europe between April and June, and faces additional challenges from Britain’s plans to leave the European Union, according to the Times.
Analysts at Morgan Stanley said Ford could lay off as many as 12 percent of its more than 200,000 workers and that the layoffs would largely be concentrated in Europe.
The Times said Ford’s internal restructuring deliberations would last several more months and may result in folding its European business into a joint venture with a rival.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.