Ford will cut costs in Europe
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In a bid to stop the bleeding in its European luxury brands, Ford Motor Co. announced a $450-million plan to close a Jaguar plant, eliminate hundreds of salaried and contractor positions and sell its Formula One team.
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Ford Motor Co  on Thursday posted  a narrower fourth-quarter loss after cutting costs and boosting  margins on vehicles and said it would offer broad buyouts to  union workers in the United States.
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Ford Europe Chief Executive John Fleming   said on Thursday the European unit of the U.S. auto maker was   on track to post a profit in 2006 for the third consecutive   year.
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Ford Motor Credit, the financial arm of  Ford Motor Co.  said on Thursday it would cut 2,000 jobs  -- almost a quarter of its staff in North America -- and close  branch offices in order to cut costs.
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Ford of Europe today announced a major commitment to the World Rally Championship. The Company has entered into a four-year agreement with Malcolm Wilson&#39;s British
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Ford Motor Co.  on Friday said it  would cut fourth-quarter production by 21 percent and also  reduce third-quarter production to accelerate its turnaround  plan.
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Ford Motor Co  on Thursday posted a narrower fourth-quarter loss after cutting costs and boosting margins on vehicles and said it would offer broad buyouts to union workers in the United States.
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General Motors Corp., the world&#39;s biggest carmaker, will cut as many as 12,000 jobs in Europe, almost a fifth of its workforce, after $3 billion in losses in the region in the past four years.
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General Motors today announced that it is to axe up to 12,000 jobs in Europe over the next two years in a bid to reduce its annual costs by â¬500m (Â£340m).
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The European Commission unveiled a broad strategy to cut carbon dioxide (CO2) emissions from cars on Wednesday, proposing binding limits that automakers say will threaten jobs and lead to big price increases for consumers.
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Ford Motor Co . is set to choose a frontrunner to buy European brands Jaguar and Land Rover around the end of this week as it moves towards a sale early in 2008, said a person close to the matter on Monday.
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FORD, the American car giant, confirmed yesterday that it is to stop producing Jaguar cars at its Brownâs Lane plant in Coventry, with the loss of 1,150 jobs.
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General Motors Corp.'s European unit Thursday announced a deal that will allow the struggling automaker to cut up to 12,000 jobs &#151; most of them in Germany, where it will offer generous incentives for employees to leave.
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Ford Motor Co.'s F.N European division   was on track to post a profit in 2006 for the third consecutive   year, Ford Europe Chief Executive John Fleming said on   Thursday.
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Ford Motor Company  has  earmarked 1 billion pounds (&#36;1.84 billion pounds) in Britain to  develop environmentally friendly technology for its cars, Ford  of Europe said on Monday.
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Business News, DETROIT, General Motors Corp. and Ford Motor Co. said on Wednesday they would cut production more than expected after weak US sales in November, a move that analysts said could hurt profits.
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Ford Motor Credit, the financial arm of   Ford Motor Co. F.N on Thursday said it would cut 2,000 jobs   -- almost a quarter of its staff in North America -- and close   branch offices in order to cut costs.