. As part of that, he announced plans to cut $3 billion in costs by 2026, with the aim of transforming Ford Blue into"the profit and cash engine" for the entire company.
"As part of this, we have laid out clear targets to lower our cost structure to ensure we are lean and fully competitive with the best in the industry," Ford's CCO Mark Truby toldin a statement, without revealing more details about the cuts. Ford currently employees around 31,000 salaried US workers.
In March, the automaker announced plans to boost electric vehicle spending to $50 billion and plan to build two million EVs by 2026. The company sold just 27,140 EVs stateside last year, but got a significant 76.6 percent boost last month asAll products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
This must be part of build back better.
Wow! What a joke
Makes sense. The big 3 are not serious about EVs. The are controlled by the UAW and killed the original EVs.
The great displacement has been underway for a while. Where do all of these people go for a new job? How frequently are modern people having to find a new job? Personally I have had to get many jobs because they just keep disappearing, and im not that old.
New cars mean less jobs? That’s Henry Ford’s legacy of liberal capitalism
Ford is in so much debt. I'm surprised they're sticking around.
How “green” policies help economies - they create sustainable future ))))
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ford may lay off 8,000 workers in shift to EV production: reportFord Motor Co. will reportedly lay off some 8,000 workers in the months ahead to cut profits and redistribute resources toward developing electric vehicles. Pretty big gamble putting all your eggs in the EV basket. I guess they get in the unemployment line behind the keystone workers? I was told going green would create jobs, not kill them🤷 These battery vehicles are new and fun. Just have to wonder how excited owners will be when they drive inadvertently through a foot of water and the battery pack needs replacing at $20,000 ?
Source: FoxBusiness - 🏆 458. / 53 Read more »
Buick rappelle près de 24 000 berlines Regal | Actualités automobile | Auto123Buick procède au rappel d’environ 24 000 berlines Regal en raison d’un problème avec le système de servofreins. Auto123 a les détails.
Source: auto123 - 🏆 566. / 51 Read more »
Ford Plans to Cut Several Thousand Salaried JobsFord plans to cut several thousand salaried jobs, people familiar with the matter say. The cuts are tied to auto maker’s goal of eliminating $3 billion in annual costs by 2026. no doubt the result of higher cost debt. expect other companies to follow suit if CapEx stays elevated
Source: WSJ - 🏆 98. / 63 Read more »
2023 Ford F-150 Updates: Tremor Gets 5.0-liter V-8, Lariat Loses Super CabWhat's in store for the 2023 Ford F-150? The Tremor gets the 5.0-liter V-8, the Raptor R gets a supercharged 5.2-liter V-8, and smaller changes abound. Pretty, grill needs a refresh I think. Sounds expensive. ⛽️
Source: MotorTrend - 🏆 230. / 63 Read more »
Ford Maverick variant caught testing in spy photos | AutoblogFord is testing what might be a 2023 Maverick Tremor. If so, it could offer an off-road ready AWD system borrowed from the Bronco Sport.
Source: therealautoblog - 🏆 528. / 51 Read more »
View Photos of the 2023 Ford F-150 Raptor RFor $109,145, every Raptor R has 37-inch tires and a retuned version of the Shelby GT500's Predator engine. Ford I bet it outsells the EV Ford The last few years for ICE. It takes a V8 to get 700 HP while Lucid’s single 163 lbs motor assembly delivers 650 HP. The growing desire for power can only be satiated by EVs and hybrids going forward.
Source: CARandDRIVER - 🏆 576. / 51 Read more »