The American automaker said the cost-cutting measure would help it compete with Chinese rivals in the face of slowing demand for electric vehicles.
Tags: AutomobilesCologne (Germany)Customs (Tariff)ElectricElectric and Hybrid VehiclesElectric Vehicleelectric vehicleseuropeFactories and ManufacturingFordFord Motor CoGermanyGreat BritainInternational Trade and World MarketLabor and JobsLayoffs and Job ReductionsPrices (Fares, Fees and Rates)Protectionism (Trade)Sales