Ford warned on Thursday that the chances of a no-deal Brexit have risen in the last few months as new Prime Minister Boris Johnson ramps up preparations for a possible disorderly exit in October.
Volkswagen Group and Ford Motor Co. are expanding their budding alliance to collaborate on development of electric and autonomous vehicles, with the German automaker investing $2.6 billion in cash and assets in Argo AI, and Ford agreeing to use VW’s flexible electric vehicle platform for a future battery electric vehicle in Europe.
Ford will eliminate about 20 percent of the workforce across its European operations in a sweeping overhaul that reflects the challenges facing automakers in the region.
The U.S. Justice Department has opened a criminal investigation into Ford’s emissions certification process, the automaker disclosed two months after admitting to an issue with its testing.
Ford promoted global programs director Joerg Bayer to head of product development in Europe as part of upcoming changes designed to return the region to profitability.
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