Ford is closing three plants in Russia, one in France and another in Britain
The 'Key by Amazon In-Car delivery' offering will be available for owners of select Ford 2017
NEW DELHI (Reuters) - Ford Motor Co is nearing a deal with Mahindra & Mahindra to form a new joint-venture company in India, a move that will likely see the U.S. automaker cease independent operations in the country, two sources with direct knowledge of the talks told Reuters.
Ford's announcement on layoffs came as Britain's biggest carmaker Jaguar Land Rover (JLR) is also set to announce 'substantial' job cuts
Ford is reorganizing its worldwide salaried work force of 70,000 with the goal of having a leaner staff by second quarter of 2019
One of the objective is digitisation of the entire transport eco-system
The layoffs will start in early May and last through October, according to a notice filed by the No.2 U.S. automaker
To delay recalling 3 mn vehicles with potentially defective air bag inflators to conduct additional testing
Auto major plans to shift capital investment away from sedans and internal combustion engines to develop more trucks and electric and hybrid cars
Ford shares fell 1.5% on Friday to close at $11.53
The move suggests China could play a much larger role in future vehicle production for North America
The job cuts are expected to be outlined as early as this week and mostly target salaried employees
Ford shares were down slightly at $11.54 in early trade
Ford reported a loss of $783 million, or 20 cents a share, for the fourth quarter of 2016
The Louisville plant will continue making a far larger number of Ford Escapes, a small SUV that is a less luxurious vehicle than the Lincoln model, the MKC
The idling may be a sign of the growing weakness of the US auto market, which had been a leading driver of economic growth
Lincoln nearly tripled its China sales in the third quarter to 8,546 vehicles, the company said on Monday
The investment is in line with Ford's plan to turn itself into a mobility company rather than a mere car company
This will be first such facility to be located outside of the US, said Finance Minister O Panneerselvam
The new centre may add 2,000 more people and is likely to design cars in the future