Tag: Ford Sollers

Restless in Russia: Ford to Cull Plants, Slash Jobs, in Search for Profit

Ford’s troubled Russian joint venture isn’t doing nearly as hot as the Blue Oval automaker would like, so it’s severely paring back its presence in the country. The memorandum of understanding signed Wednesday kicks off a broad restructuring of the automaker’s business in Russia, with two vehicle assembly plants and an engine plant now slated […]

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Here Come Ford’s Layoffs: Automaker Outlines Its Euro Restructuring Plan

On Thursday, Ford announced preliminary details of a plan that will ultimately erase thousands of European jobs in an attempt to return the business to profitability. The decision comes after several reports indicated the automaker’s restructuring program will be particularly hard on the region. The plan now officially includes a slimmer product lineup, which is […]

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