Ford at Risk To Close Down Plant in Germany After Talks With Chinese Investors Fail

Ford negotiated with a Chinese investor for the sale of the carmaker's plant in Germany, but negotiations failed. The production center is either going to be closed down in 2025 or be converted into a technology center. Ford is shrinking its production network in Europe in an attempt to reduce costs and focus on selling only electric cars by 2030 on the Old Continent. The carmaker is planning to launch seven EVs in the European marke... (continue reading...)