FRANKFURT, Germany | Auto industry troubles buffet Ford, Jaguar Land Rover

10Jan - by Editor - 0 - In STL.News

FRANKFURT, Germany — Jan 10, 2019—The headwinds buffeting the global auto industry made themselves felt in Europe on Thursday as mass-market carmaker Ford and luxury-focused Jaguar Land Rover announced sweeping restructurings that will cost thousands of jobs.

Ford Motor Co. said it will drop an unspecified number of jobs in Europe as it seeks to make its business there more consistently profitable. Ford is refocusing on commercial trucks and SUVs and dumping less lucrative models while shifting production to electric cars over the longer term.

Continue reading FRANKFURT, Germany | Auto industry troubles buffet Ford, Jaguar Land Rover at STL.News.

Source link