Ford will cut 14% of its European workforce amid China challenge, slow EV sales

The all-electric Capri at Ford's Cologne plant. — The unveiling of the all-electric Capri at Ford's Cologne plant in July was watched by 2,000 workers. (FORD)

November 20, 2024 02:59 PM

Ford plans to cut 4,000 jobs in Europe by 2027 as it struggles to sell its new battery-electric vehicles amid a slowdown in electric vehicle demand in the region and increasing competition from Chinese rivals.

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