Ford planning to cut 18% of production capacity, 13% of workforce in Europe; anticipating more than $1.5B loss in Europe in 2012
Green Car Congress
OCTOBER 25, 2012
Additional investment also is expected at Ford’s Bridgend Engine Plant in South Wales to support ongoing high volumes of gasoline engine manufacture. The plans would reduce installed vehicle assembly capacity 18% or 355,000 units and would yield gross annual savings of $450 million to $500 million. The arrival of the Ford Mustang in Europe.
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