Ford Europe to slash thousands of jobs in turnaround plan Jan 11, 2019 0 209 12345 Ford said on Thursday it will cut thousands of jobs, look at plant closures and discontinue loss-making vehicle lines as part of a turnaround effort aimed at achieving a 6 percent operating margin in Europe. Ford Europe has been losing money for years and pressure to restructure its operations has increased since arch-rival General Motors raised profits by selling its European Opel and Vauxhall brands to France’s Peugeot. Ford said it will seek to exit the multivan segment and focus on developing more profitable “crossover” and sports utility vehicles, and will stop manufacturing automatic transmissions in Bordeaux in August. It will also review its operations in Russia, and combine the headquarters of Ford UK and Ford Credit to a site in Dunton, Essex. (reuters) Pages 12 POST A COMMENT RELATED ARTICLES Brent steadies at $61/bbl Jan 11, 2019 0 175 Investors question Amazon’s future after Bezos’ divorce news Jan 11, 2019 0 349 QSE kicks off 2019 weekly trade with a bang, gains over 300 pts Jan 11, 2019 0 387 Foxconn December revenue dips, first time in 10 months Taiwan’s Foxconn, a key Apple supplier, reported a 8 percent fall in its December revenue on Thursday, dampening its performance in 2018 amid tepid demand for electronics. Foxconn, formally known as Hon Hai Precision .. Wall St flat after 4-day surge as retailers, trade talks disappoint Reuters NEW YORK US stocks were little changed on Thursday after a four-day surge, as weakness in retailers due to tepid holiday season report from Macy’s Inc and concerns over progress in the US-China trade talks were .. Longer US govt shutdown will hit economy: Powell The US economy could take a clear hit from the government shutdown if it continues for a long time, Federal Reserve Chairman Jerome Powell said Thursday. While most previous shutdowns have been fairly short and have not ..