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Ford Motors was engaged in the reorganization of business structures in Brazil as part of changes in the global business of the concern. Concern has planned 11 billion dollars for global restructuring. The American automaker announced that it would close the plant in Brazil by the end of this year, which has been producing Ford Fiesta heavy pick-ups and small cars since 1967. Against the background of declining demand for these cars in South Africa, the leadership of Ford decided to exit the business of selling heavy pickups in this region. The termination of the Brazilian plant will entail the dismissal of about 2,700 of its employees, as well as write-offs of $460 million, which will be reflected in pretax profit in 2019.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
On Monday, Fujitsu Ltd. (6702.T) announced that it would halve its office space in Japan by March 2023 as it pushes for its 80,000 employees to work remotely amid the coronavirus outbreak. The IT solutions company said that its employees would ...
American Airlines Group Inc. stated on Wednesday that it plans to cut 30% of its management and support staff or almost 5,000 jobs because of the coronavirus outbreak. American and other airlines are scrambling to cut costs because of the ...
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