Ford entered the Brazilian market more than a hundred years ago, where it began mass production of the Model T 100 years ago and is now radically reducing its presence. The Detroit center wants to achieve an 8% operating profit globally, and in Brazil this can only be achieved by closing all three of its car factories after more than a hundred years of continuous operation. About five thousand people will be laid off in the coming months from the Camaçari and Taubaté plants, where they will only be involved in component production in the coming months, and the Troller plant in Horizonte will continue to operate until the fourth quarter of 2021. Ford will retain its development center in Bahia and the Tatuí test center, and the regional center will also remain in its current location in Sao Paolo. The factories in Uruguay and Argentina continue to operate. Locally produced models will disappear from the Brazilian market, so the Ka, EcoSport and Troller T4 will only sell imported cars. Ford estimates the decision will result in a one-time expense of approximately $ 4.1 billion, of which $ 1.6 billion will be a tax rebate. Ford is trying to find a new owner for the plants.
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