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12 Jan
10:44

Ford closes Brazil plants

Ford Motor Company says it is closing its three production lines in Brazil after a century of operations. The decision is part of the South American unit restructuring following the impact of the coronavirus on its performance, Kallanish learns from the US car manufacturer. "The Covid-19 pandemic expands the industry's persistent idle capacity and reduced sales, resulting in years of significant losses in Brazil," says Ford president and chief execu…
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