financetom
Business
financetom
/
Business
/
Ford to inject up to $4.76 billion into cash-strapped German business
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Ford to inject up to $4.76 billion into cash-strapped German business
Mar 10, 2025 2:49 AM

FRANKFURT, March 10 (Reuters) - Ford Motor ( F ) will

inject up to 4.4 billion euros ($4.76 billion) into its

struggling German unit as it tries to revive its car business in

Europe, the U.S. carmaker said on Monday.

The German arm, Ford-Werke, will continue its strategic

transformation initiatives, focusing on reducing costs in Europe

and increasing competitiveness, Ford said in a statement, after

the Financial Times first reported the news.

"By recapitalizing our German operations, we are

supporting the transformation of our business in Europe and

strengthening our ability to compete with a fresh product

portfolio," said John Lawler, vice chair of Ford Motor Company ( F ).

"To build a sustainable business in Europe, we also need

to continue to simplify our governance, reduce costs, and drive

efficiencies."

He called on policymakers in Europe to come up with a

clear agenda to promote the uptake of electric vehicles and

bring emissions targets in line with consumer demand.

Europe's car industry has seen plant closures and

falling demand as it battles with stiff competition from China.

The sector is also bracing for U.S. tariffs.

($1 = 0.9249 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Lingerie maker Victoria's Secret Q2 sales beat expectations, raises 2025 sales guidance
Lingerie maker Victoria's Secret Q2 sales beat expectations, raises 2025 sales guidance
Aug 28, 2025
Overview * Victoria's Secret Q2 sales rise 3% to $1.459 bln, beating expectations, per LSEG data * Adjusted EPS for Q2 exceeds expectations * Company raises full-year 2025 sales guidance, indicating confidence in growth Outlook * Company raises full-year 2025 sales guidance to $6.330 bln-$6.410 bln * Victoria's Secret expects Q3 net sales of $1.390 bln-$1.420 bln * Company forecasts...
Toronto-Dominion Bank Fiscal Q3 Adjusted Earnings, Revenue Rise
Toronto-Dominion Bank Fiscal Q3 Adjusted Earnings, Revenue Rise
Aug 28, 2025
06:32 AM EDT, 08/28/2025 (MT Newswires) -- Toronto-Dominion Bank ( MLWIQXX ) reported fiscal Q3 adjusted earnings Thursday of 2.20 Canadian dollars ($1.60) per diluted share, up from CA$2.05 a year earlier. Analysts surveyed by FactSet expected CA$2.05. Adjusted revenue for the quarter ended July 31 was CA$15.61 billion, up from CA$14.24 billion a year earlier. Analysts surveyed by FactSet...
Market Chatter: Nvidia Says 15% US Commission on China Chip Sales Still Unclear
Market Chatter: Nvidia Says 15% US Commission on China Chip Sales Still Unclear
Aug 28, 2025
06:30 AM EDT, 08/28/2025 (MT Newswires) -- Nvidia ( NVDA ) said a proposed Trump administration plan to impose a 15% commission on its AI chip sales to China remains in early discussions and lacks any formal regulatory framework, Bloomberg reported Thursday. According to the report, the company said late Wednesday that the US government has not provided details on...
Boeing Reportedly Seeking EU Approval for Spirit AeroSystems Acquisition
Boeing Reportedly Seeking EU Approval for Spirit AeroSystems Acquisition
Aug 28, 2025
07:14 AM EDT, 08/28/2025 (MT Newswires) -- Boeing ( BA ) is seeking European Union approval to acquire Spirit AeroSystems ( SPR ) , multiple news outlets reported Thursday, citing an official European Commission document. The proposed deal, valued at $4.7 billion in shares, was reportedly announced in July 2024, with Airbus set to take on Spirit's loss-making European operations....
Copyright 2023-2026 - www.financetom.com All Rights Reserved