Cars
After announcing plans to shut down its Genk factory in Belgium at the end of 2014, Ford came out today with new details about its European restructuring efforts that include the closure of two more plants, the allocation of production, the loss of up to 6,200 jobs and other actions to increase cost efficiencies.
- Ford Genk Workers Protest, Burn Tires And Set Of Fireworks At Company's Hq In Germany
Ford of Europe's decision to close its Genk plant in Belgium and leave some 4,300 workers without a job by the end of 2014 didn't sit well with the factory's employees. Some 250 workers from the Genk plant travelled in busses from Belgium...
- Ford To Shut Down Its Genk Plant In Belgium, Reshuffle European Production Operations
On account of reduced demand and uncertain market prospects throughout Europe, Ford has decided to close down its underutilized Genk Plant in Belgium and to cease vehicle production by the end of 2014, which will lead to the loss of 4,300 jobs. Ford,...
- Homologation And Other Problems Delay New Ford Mondeo Production Start In Europe
When Ford premiered the all-new 2013 Fusion sedan at the Detroit Motor Show this past January, the Blue Oval also released two images of the car's European sibling, the next Mondeo in pre-production form. At the time, Ford told us that the new Mondeo...
- Ford Announces Production Cuts In Germany And Spain
Citing the sharp decline in new car sales and the continuing negative economic outlook, Ford of Europe today announced that it will reduce production at two of its main European plants in Valencia, Spain and Saarlouis, Germany. Although the automaker...
- Ford Reports $2.7 Billion Operating Loss In Q3, Burns $7.7 Billion In Cash, Announces Job Cuts
It can't get any worse for Ford Motor Company - or can it? The American automaker today announced a third quarter net loss of $129 million which is actually smaller than the same period a year ago when FoMoCo lost $390 million. However, the company...
Cars
Ford's European Restructuring Plan Leads to the Closure of Two UK Facilities, Mondeo Delayed
After announcing plans to shut down its Genk factory in Belgium at the end of 2014, Ford came out today with new details about its European restructuring efforts that include the closure of two more plants, the allocation of production, the loss of up to 6,200 jobs and other actions to increase cost efficiencies.
The announcements come against the backdrop of the persisting economic crisis in Europe with Ford estimating its loses in the region for the full year 2012 to exceed $1.5 billion (€1.15 billion).
The two additional factories receiving the axe are the Southampton Transit van plant, which is Ford's last vehicle-making facility in the United Kingdom, and its stamping and tooling operations in Dagenham, again in England.
Read more »- Ford Genk Workers Protest, Burn Tires And Set Of Fireworks At Company's Hq In Germany
Ford of Europe's decision to close its Genk plant in Belgium and leave some 4,300 workers without a job by the end of 2014 didn't sit well with the factory's employees. Some 250 workers from the Genk plant travelled in busses from Belgium...
- Ford To Shut Down Its Genk Plant In Belgium, Reshuffle European Production Operations
On account of reduced demand and uncertain market prospects throughout Europe, Ford has decided to close down its underutilized Genk Plant in Belgium and to cease vehicle production by the end of 2014, which will lead to the loss of 4,300 jobs. Ford,...
- Homologation And Other Problems Delay New Ford Mondeo Production Start In Europe
When Ford premiered the all-new 2013 Fusion sedan at the Detroit Motor Show this past January, the Blue Oval also released two images of the car's European sibling, the next Mondeo in pre-production form. At the time, Ford told us that the new Mondeo...
- Ford Announces Production Cuts In Germany And Spain
Citing the sharp decline in new car sales and the continuing negative economic outlook, Ford of Europe today announced that it will reduce production at two of its main European plants in Valencia, Spain and Saarlouis, Germany. Although the automaker...
- Ford Reports $2.7 Billion Operating Loss In Q3, Burns $7.7 Billion In Cash, Announces Job Cuts
It can't get any worse for Ford Motor Company - or can it? The American automaker today announced a third quarter net loss of $129 million which is actually smaller than the same period a year ago when FoMoCo lost $390 million. However, the company...