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Ford closes its gearbox plant in France to lay out new energy sources

2024-11-17 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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Recently, Ford announced that it would close its Bronkford transmission plant outside Bordeaux, France; relevant professionals pointed out that Ford may be laying out its strategy for new energy in the future.

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The Brownford plant, an early batch of plants that Ford has been operating since 1972, has been producing gearboxes for Ford for half a century and employed 3600 people at its peak. When Ford planned to close and reform the plant, the French government and enterprises tried to persuade Ford, but they were all rejected by Ford.

Professional analysts pointed out that Ford's future development will focus on self-driving and new energy, and the closure of the Bronkford gearbox plant in France is due, on the one hand, to the fact that Ford's development focuses on new energy. the importance of the gearbox has been greatly reduced; on the other hand, Ford wants to completely restructure its business by layoffs and plant closures.

According to Ford's second-quarter results, its second-quarter net income fell nearly 88 per cent from $1.066 billion to $148 million. According to another business assessment given by Ford, closing factories and shutting down lossmaking car production lines could help Ford achieve an operating margin of 6% in Europe.

Earlier, Ford announced that it would increase its cost-cutting target from $14 billion to $25.5 billion over the next five years, and to complete this plan, Ford will cut 12000 jobs and close five plants in Europe by the end of 2020.

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