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Interesting Car/Truck Manufacturer News
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<blockquote data-quote="Weather Man" data-source="post: 16798521" data-attributes="member: 137766"><p><h3><a href="https://seekingalpha.com/news/3858866-ford-plans-up-to-8000-job-cuts-to-help-fund-ev-investment-bloomberg?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">Ford plans up to 8,000 job cuts to help fund EV investment - Bloomberg</a></h3><p><a href="https://seekingalpha.com/symbol/F?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">F +1.11%</a>Jul. 20, 2022 6:27 PM ET<a href="https://seekingalpha.com/news/3858866-ford-plans-up-to-8000-job-cuts-to-help-fund-ev-investment-bloomberg?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain#scroll_comments" target="_blank">84 Comments</a></p><p>Ford (NYSE:<a href="https://seekingalpha.com/symbol/F" target="_blank">F</a>) is preparing to <a href="https://www.bnnbloomberg.ca/ford-plans-up-to-8-000-job-cuts-to-help-fund-ev-investment-1.1794680" target="_blank">cut as many as 8K jobs</a> in the coming weeks as it seeks to boost profits to fund its push into the electric vehicle market, Bloomberg reported Wednesday.</p><p>The job cuts will come in the newly created Ford Blue unit responsible for producing internal combustion engine vehicles, as well as other salaried operations throughout the company, according to the report.</p><p>The cuts may come in phases, but likely will begin this summer, Bloomberg said; Ford (<a href="https://seekingalpha.com/symbol/F" target="_blank">F</a>) employs ~31K salaried workers in the U.S., where most of the reductions are expected.</p><p>CEO Jim Farley has planned to cut $3B in costs by 2026, and he has said cutting staff is a key to improving profits.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16798521, member: 137766"] [HEADING=2][URL='https://seekingalpha.com/news/3858866-ford-plans-up-to-8000-job-cuts-to-help-fund-ev-investment-bloomberg?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']Ford plans up to 8,000 job cuts to help fund EV investment - Bloomberg[/URL][/HEADING] [URL='https://seekingalpha.com/symbol/F?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']F +1.11%[/URL]Jul. 20, 2022 6:27 PM ET[URL='https://seekingalpha.com/news/3858866-ford-plans-up-to-8000-job-cuts-to-help-fund-ev-investment-bloomberg?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain#scroll_comments']84 Comments[/URL] Ford (NYSE:[URL='https://seekingalpha.com/symbol/F']F[/URL]) is preparing to [URL='https://www.bnnbloomberg.ca/ford-plans-up-to-8-000-job-cuts-to-help-fund-ev-investment-1.1794680']cut as many as 8K jobs[/URL] in the coming weeks as it seeks to boost profits to fund its push into the electric vehicle market, Bloomberg reported Wednesday. The job cuts will come in the newly created Ford Blue unit responsible for producing internal combustion engine vehicles, as well as other salaried operations throughout the company, according to the report. The cuts may come in phases, but likely will begin this summer, Bloomberg said; Ford ([URL='https://seekingalpha.com/symbol/F']F[/URL]) employs ~31K salaried workers in the U.S., where most of the reductions are expected. CEO Jim Farley has planned to cut $3B in costs by 2026, and he has said cutting staff is a key to improving profits. [/QUOTE]
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