Ford (F) to cut 3,200 European jobs; union vows to fight
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Tesla’s (TSLA) FSD falls in Consumer Reports ratings
January 25, 2023 8:26 AM ESTConsumer Reports announced Wednesday that Teslas (NASDAQ: TSLA) Full Self-Driving (FSD) system has fallen in the rankings of 12 driver assistance programs evaluated by the nonprofit.
Of 12 systems tested by Consumer Reports, Ford Motor's (NYSE: F) BlueCruise was first, followed by General Motors' (NYSE:... More
Ford to cut up to 3,200 European jobs, union says, vowing to fight
January 23, 2023 8:54 AM ESTBy Victoria Waldersee and Christina Amann
BERLIN (Reuters) -Ford Motor Co plans to cut up to 3,200 jobs across Europe and move some product development work to the United States, Germany's IG Metall union said on Monday, vowing action that would disrupt the carmaker across the continent if the cuts go ahead.
Rising costs for electric vehicle battery materials and projected slowdowns in U.S. and European economies are putting pressure on automakers to cut expenses. The EV price war launched by Tesla Inc earlier this month has intensified that pressure, analysts said.
The company wants... More
