Ford Motor Co expects to take up restructuring charges between $1.5 billion and $2 billion in 2023, it said in a regulatory filing on Wednesday, as part of the U.S. automaker's move to exit unprofitable locations and cut headcount.
expects to take up restructuring charges between $1.5 billion and $2 billion in 2023, it said in a regulatory filing on Wednesday, as part of the U.S. automaker's move to exit unprofitable locations and cut headcount.
The charges will be primarily attributable to "employee separations and supplier settlements," the automaker , adding additional restructuring actions may be taken "where a path to sustained profitability is not feasible when considering the capital allocation required for those businesses."it plans to cut one in nine jobs in Europe, as part of a drive to lower costs in the region and concentrate engineering know-how in the United States.
It has also been curbing operations in countries such as Brazil and India, as it pours billions into developing electric vehicles. The disclosure comes a day after the company posted robust quarterly results but issued a measured full-year outlook, weighed down by continued losses in its electric-vehicle unit.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Jenna Ortega Wore Her Best Wednesday-core Look Yet to the 2023 Met GalaJenna Ortega Wore Her Best Wednesday-Core Look Yet to the 2023 Met Gala
Lire la suite »
Jenna Ortega Brings Big Wednesday Energy to the 2023 Met GalaJenna Ortega Shut Down the Met Gala in a Chic Gothic Look
Lire la suite »
Jenna Ortega Puts a Wednesday-Worthy Twist on the Met Gala 2023 ThemeJenna Ortega’s goth-inflected look for tonight’s MetGala was not only nodded to Wednesday’s style codes with its schoolgirl bow detail at the neck but also paid homage to a number of the design signatures of Karl Lagerfeld.
Lire la suite »
Ford Cuts Prices and Adds Range to 2023 Mustang Mach-ENew lithium iron phosphate batteries for standard range models bring higher EPA range estimates and a 45-hp bump with all-wheel drive.
Lire la suite »
2023 Seahawks free agency: Poona Ford signing with Buffalo BillsFord reportedly turned down money from elsewhere to sign with buffalo.
Lire la suite »
2023 Ford-Lincoln BlueCruise 1.2 Video Review: Catching up quickly - AutoblogByron tests the latest version of Ford's BlueCruise. Version 1.2 includes hands-free lane changes and some new vehicle spacing features.
Lire la suite »