Ford (F) to cut 1,100 jobs in Spain
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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 to cut 1,100 jobs in Spain - spokesperson
March 10, 2023 6:12 AM ESTMADRID (Reuters) -U.S. auto maker Ford plans to slash 1,100 jobs at its plant located in Valencia in eastern Spain, a company spokesperson said on Friday.
The layoffs, which were shared with unions, are part of the company's changes to its car production lineup in Europe, the spokesperson said.
... MoreFord discounts Mustang Mach-E electric SUVs in China
March 8, 2023 2:25 AM ESTSHANGHAI (Reuters) -Ford Motor said on Wednesday it was offering a discount of 40,000 yuan ($5,700) on its Mustang Mach-E electric SUVs in China until the end of April.
Mustang Mach-E cars were now available in China at prices starting at 209,900 yuan in China after the discount, a company... More
