Related topics: automakers

Ford to cut 12,000 jobs in Europe as part of restructuring

Carmaker Ford said Thursday it is shedding 12,000 jobs in Europe to increase profitability, part of a global trend of cost cuts by automakers facing shifting consumer tastes and heavy investments in electric cars.

VW says cooperation talks with Ford 'close to completion'

Car giant Volkswagen's talks on co-operation with US-based Ford concerning electric vehicles and automated driving are "close to completion", the German company's chief executive Herbert Diess said Thursday.

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