Automotive giant Ford is set to unveil a major overhaul of its European car production plans, following a massive £14 billion write-down on its investments in electric vehicle technology. The massive financial hit, which is one of the largest in the company's history, has forced Ford to re-evaluate its strategy in the region. As the European market continues to shift towards electric vehicles, Ford is expected to announce significant changes to its production lines, potentially including the closure of underperforming facilities and a shift towards more cost-effective manufacturing methods. The move is seen as a crucial step in the company's efforts to stay competitive in a rapidly changing industry.
Ford announces new European car plans after huge £14billion electric vehicle write-off GB News
