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
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. Specific product announcements include: Plans to introduce 15 global vehicles in Europe within five years as Europe increasingly benefits from the One Ford global product portfolio.
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