Engine assembly line for Ford KA 1.0 3 cylinders at the Ford Engines plant in Kamacari, Brazil.

Paulo Friedman | Corbis News | Getty Images

Ford Motor is ending car production in Brazil as it restructures its South American operations. The measures, including the shutdown of three factories, are expected to result in $ 4.1 billion in pre-tax fees, Ford said Monday.

The automaker said it will record about $ 2.5 billion in cash fees, mainly in 2021, for employee firing, termination, settlement and other payments. In addition, it will record approximately $ 1.6 billion in non-cash write-offs of accelerated tax receivables, depreciation and amortization.

Ford has been operating in Brazil for over a century, however, the area and operations have been unstable in recent years.

Ford is actively evaluating and restructuring its global operations, including those in South America, as it attempts to implement a $ 11 billion transformation plan. Ford hopes to boost profitability by achieving an adjusted profit margin of 8% and generating free and strong cash flow consistently.

Ford said production will stop immediately at the Camacari and Taubate plants in Brazil, however some parts will continue to be produced for a few months to support aftermarket sales inventories. Another plant in Horizonte, Brazil, will continue operating through the fourth quarter. Around 5,000 employees are expected to be affected.

This is an urgent news story. . Please check back for updates

답글 남기기

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

You May Also Like

Terra 및 Luna 충돌 후 규제 기관, 암호화 비용 계산 | 암호

타이페이, 대만 – 이번 달에 암호 화폐 겨울이 심화됨에 따라 TerraUSD(UST)와 Luna의…

이집트는 다양한 분야에서 한국의 투자를 늘리는 것을 목표로 하고 있다 저녁

카이로 – 2024년 5월 2일: 이집트 총리 모스타파 마드불리(Mostafa Madbouly)는 이집트에 대한…

고령화 사회로 인해 아시아 군대는 모집 풀을 확대해야 합니다.

여기요아시아의 미국 동맹국들은 충분한 병력을 확보하고 중국과 북한이 제기하는 점점 커지는 안보…

평생의 명예 희생의 날

엔한국 전쟁 초기에 500 만 명이 사망했으며, 분쟁은 1950 년 6 월에…