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Ford will be facing a huge blow in Germany, where Volkswagen is threatening to close factories, cut wages, and axe thousands of jobs to improve its competitiveness.

Ford to lay off 14% of European employees due to weak demand for electric vehicles and fierce competition from China

2024-11-20 22:54:49 : Ford Motor Co. decided to lay off 14% of its European workforce on Wednesday, November 20, due to weak electric vehicle ...