Ford to Cut 1,000 Jobs at German EV Plant Amid Weak Demand

Ford will cut up to 1,000 jobs at its electric vehicle plant in Cologne due to weaker-than-expected demand for EVs in Europe. “Demand remains well below industry forecasts,” the company said.
The factory produces the Explorer electric SUV and Capri crossover, both built on Volkswagen’s MEB platform, also used by the VW ID.4 and ID.5. Ford invested $2 billion in the site after phasing out Fiesta production in 2023.