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Ford warns of plant closures to combat $1 billion Brexit blow
Topic Started: Jul 29 2016, 12:40 PM (225 Views)
Member013

Ford is considering closing plants in the UK and across Europe in response to Britain's vote to leave the EU, as it forecast a $1 billion hit to its business over the next two years.

The U.S. motor company, which is the biggest car brand in the UK, will also raise the price of cars sold in Britain before the end of the year. Bob Shanks, chief financial officer, said a rise was needed to claw back money lost through foreign exchange movements

http://www.cnbc.com/2016/07/29/ford-warns-of-plant-closures-to-combat-1-billion-brexit-blow.html
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Robertr2000
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List of US car companies that have not gone bankrupt:



1) Ford
2) Tesla
3) (intentionally left blank)


:nana:
Edited by Robertr2000, Jul 29 2016, 04:32 PM.
"if that **** wins we'll all hang from nooses"
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Robert Stout
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Meanwhile, GM has begun importing cars from Red China...Despite low wages and production costs, the Buick Envision is high priced...They plan to make a fortune on this SUV...

It is only reasonable for FORD to close plants in Britain on any excuse so they can make a fortune too by using their plants in China....

Multinational corporations are an enemy of the people in Western countries.......... :nana:
Jesus can raise the dead, but he can't fix stupid
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