The coronavirus epidemic continues to have negative effects on automotive. Within the scope of the company’s $ 11 billion restructuring project, Ford decided to close its 3 factories in Brazil, where the automotive market was contracting.
According to the news of Cem Özenen from Hürriyet newspaper; Automotive companies continue to struggle with economic fluctuations during the pandemic period. Global manufacturers are looking for a way out of the economic contractions experienced during the coronavirus epidemic by stopping production in some of their factories and suspending their new investments. Renault-Nissan Group before the last period have been raised with the factory closure decisions in Europe after Volkswagen, losses experienced pandemic period therefore announced that it will suspend new investments is also setting up factories for the production, including passenger cars in Turkey. The company he founded in Manisa had liquidated. Now, US-based Ford has announced that it will cease its production activities in Brazil with the effects of both the damage during the virus period and the serious contractions in the market.
4.1 MİLYAR DOLLAR
Ford Motor Company, which has been in existence in Brazil for more than 100 years but has recently experienced serious losses, announced its historic decision to close three facilities where a total of 5,000 people are employed. Stating that it has ended the production of centuries-old factories in Brazil producing for the South American market, Ford Motor Company said, “This situation will lead to a loss of approximately $ 4.1 billion (3.4 billion Euros) before taxes,” CEO Jim Farley said, “It is very difficult but necessary. a decision ”he said.
PRODUCTION OF FORD TRUCKS HAS STOPPED
Ford Trucks, in a decision taken in Turkey in 2019 and developed by Ford Otosan plant in Eskisehir Inonu Trucks models produced in Brazil put an end to production at the factory. In 2021, Ford Motor Company will completely cease production in the country in Brazil. Following the discontinuation of the production of the Fiesta and Trucks models, Ford will also cease the sale of the Ecosport, Ka and T4 models in the South American market.
ELECTRIC TURKEY the rotation WON
It enters the world with a rapid technological transformation of the automotive industry and the way the 2021 recession strategy many brands, Ford’s investment in its factory in Turkey continues. Ford Otosan factories, which have become an important center for commercial vehicles, have taken important steps especially in electrical transformation. With the hybrid Custom models and the electric Transit model coming off the lines, it aims to strengthen its role in exports to Europe. In addition, within the scope of the negotiations with Volkswagen, Caravelle and Transporter production at Ford Otosan factories in Kocaeli is also on the agenda.
*The article has been translated based on the content of bigpara- GÜNDEM by bigpara.hurriyet.com.tr. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!