Ford to slash 4,000 jobs in Europe as dip in EV sales, subsidized Chinese rivals, scanty govt sops pose roadblocks
Ford Motor Co. has announced plans to reduce its European workforce by 14%—eliminating 4,000 jobs by the end of 2027—as it faces mounting challenges in the electric vehicle (EV) market. The move comes amid sluggish sales, stiff competition from subsidized Chinese automakers, and what Ford describes as a lack of government support for EV adoption,…