Ford of Europe has announced further actions to reduce production capacity in Europe ‘due to the unprecedented decline in the European new car market and the continuing negative economic outlook’.
Ford Europe said it would “take a set of measures to line up production capacity to the sagging car demand and it would reset the manufacturing plans to meet further needs of the company.”
In plain speak I guess that means they aren’t going to make as many cars becasue far less people are buying them.
The carmaker will cut one of the three shifts at its Valencia plant in Spain starting on May 1 and the Saarlouis factory in Germany will continue with four-day production weeks.
Ford’s European sales fell 21.7 percent to 220,000 in the first two months of the year.
Full story: JustAuto