Ford to Cut 4,000 Jobs in Europe as Electric Vehicle Sales Slow
Posted inAutomobiles Cologne (Germany) Customs (Tariff) Electric and Hybrid Vehicles Europe Factories and Manufacturing Ford Motor Co Germany Great Britain International Trade and World Market Labor and Jobs Layoffs and Job Reductions Prices (Fares, Fees and Rates) Protectionism (Trade)

Ford to Cut 4,000 Jobs in Europe as Electric Vehicle Sales Slow

The American automaker said the cost-cutting measure would help it compete with Chinese rivals in the face of slowing demand for electric vehicles.
Volkswagen and Rivian Form Joint Venture, Deepening Alliance
Posted inAutomobiles Blume, Oliver (1968- ) China Computers and the Internet Electric and Hybrid Vehicles Europe Factories and Manufacturing Germany Mergers, Acquisitions and Divestitures Prices (Fares, Fees and Rates) Production Rivian Automotive LLC Software Sports Utility Vehicles and Light Trucks Stocks and Bonds United States Volkswagen AG

Volkswagen and Rivian Form Joint Venture, Deepening Alliance

The new agreement builds on an earlier announcement in which the German automaker said it would invest up to $5 billion in Rivian, a maker of electric vehicles. The new venture brings them closer.