Ford Plans Job Cuts Amid EV Slide

The transition to electric vehicles in Europe is continuing to lose traction with the news that Ford will look to eliminate another 4,000 positions in the region. The reductions will amount to about 14% of Ford Europe’s workforce and will impact operations in Germany and the UK by the end of 2027. Labor leaders at Volkswagen, meanwhile, offered €1.5 billion ($1.6 billion) in additional cuts ahead of negotiations with management on potential savings to steady the beleaguered carmaker. VW is pushing for unprecedented cuts amid a slump in demand for...