Ford to cut 1,100 jobs in Spain - spokesperson
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President Xi adds oversight risk to China EV battery growth plans
March 10, 2023 11:23 AM ESTBattery makers in China were put on notice this week following a message from President Xi Jinping. On Monday, the President said that he had mixed feelings about CATL and its status as the world's largest battery maker. Xi said that he was both pleased and concerned about CATLs electric vehicle battery dominance.
Xis remarks showed CATL has drawn the attention of top Chinese officials. Since last year, CATL's customers have... More
Ford (F) to cut 1,100 jobs in Spain
March 10, 2023 10:42 AM ESTReuters reports Friday, citing a company spokesperson, that Ford Motor Company plans to slash 1,100 jobs at its plant located in Valencia in eastern Spain.
The company has decided to stop assembling Galaxy minivans and S-Max station wagon-like cars in Valencia.
News of the layoffs has been... More
