Ford to layoff 12,000 workers in Europe, introduce new vehicle line-up – Fox Business

Ford Motor Co. is overhauling its European business, the carmaker said on Thursday, pushing out a new vehicle line-up, laying off workers and realigning its operations in an effort to improve its financial performance in the region.“Ford will be a more targeted business in Europe, consistent with the company’s global redesign,” said European president Stuart…

Ford to layoff 12,000 workers in Europe, introduce new vehicle line-up – Fox Business

Ford Motor Co. is overhauling its European business, the carmaker said on Thursday, pushing out a new vehicle line-up, laying off workers and realigning its operations in an effort to improve its financial performance in the region.“Ford will be a more targeted business in Europe, consistent with the company’s global redesign,” said European president Stuart Rowley.TickerSecurityLastChange%ChgFFORD MOTOR COMPANY10.23+0.03+0.29%Ford expects to release three new models in the market over the next five years, including an all-electric Mustang-inspired vehicle, part of a broader shift for the Dearborn, Michigan-based company towards emissions-free options.“Our future is rooted in electrification,” Rowley said. “We are electrifying across our portfolio, providing all of our customers with more accessible vehicle options that are fun to drive, have improved fuel economy and are better for our environment.”The company is also focusing on sport utility vehi
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