TSLA400.56311.66299%
GM81.7303.68%
F12.8850.4451%
RIVN17.1500.2602%
CYD43.4001.0781%
HMC25.0200.66%
TM217.9905.13%
CVNA387.23024.99%
PAG161.2005.18%
LAD282.4407.57%
AN207.0708.78%
GPI347.53012.05%
ABG211.0206.93%
SAH70.2502.88%
TSLA400.56311.66299%
GM81.7303.68%
F12.8850.4451%
RIVN17.1500.2602%
CYD43.4001.0781%
HMC25.0200.66%
TM217.9905.13%
CVNA387.23024.99%
PAG161.2005.18%
LAD282.4407.57%
AN207.0708.78%
GPI347.53012.05%
ABG211.0206.93%
SAH70.2502.88%
TSLA400.56311.66299%
GM81.7303.68%
F12.8850.4451%
RIVN17.1500.2602%
CYD43.4001.0781%
HMC25.0200.66%
TM217.9905.13%
CVNA387.23024.99%
PAG161.2005.18%
LAD282.4407.57%
AN207.0708.78%
GPI347.53012.05%
ABG211.0206.93%
SAH70.2502.88%

Ford announces layoffs as part of its shift to EVs

Ford

Ford has begun notifying certain salaried and agency workers of layoffs this week, according to an internal email sent to its employees.

Ford has been signaling for weeks they would layoff roughly 3,000 employees as part of a shift to electric vehicles. The email was signed bye Executive Chair Bill Ford and CEO Jim Farley, and discussed Ford’s need to redeploy resources and embrace new technology.

Building this future requires changing and reshaping virtually all aspects of the way we have operated for more than a century”.

The job cuts will go into effect on September 1st, according to a spokesperson.


dealersDid you enjoy this article? Please share your thoughts, comments, or questions regarding this topic by connecting with us at newsroom@cbtnews.com.

Be sure to follow us on Facebook, LinkedIn, and TikTok to stay up to date.

While you’re here, don’t forget to subscribe to our email newsletter for all the latest auto industry news from CBT News.

More from Articles
STL launches ‘Neuralis’ in the US: A high-performance Data Center portfolio engineered for the AI era

STL launches ‘Neuralis’ in the US: A high-performance Data Center portfolio engineered for the AI era

- April 17, 2026
Washington, United States, 17/April/2026: STL Optical Connectivity NA, LLC,  (STLOC),  a U.S. subsidiary of STL [NSE: STLTECH], a leading connectivity solutions provider for AI-ready digital infrastructure, today announced the U.S. launch of Neuralis, its flagship...
GM leans on global production to supply U.S. market amid cost pressures

GM leans on global production to supply U.S. market amid cost pressures

- April 17, 2026
On the Dash: Imported inventory may create variability in delivery timing and supply consistency. Trade policy shifts could impact the pricing and availability of certain models. Global production strategies may...
Volkswagen ends U.S. EV output, triggering $600 million financial hit 

Volkswagen ends U.S. EV output, triggering $600 million financial hit 

- April 17, 2026
On the Dash: Slower EV demand may impact inventory planning and turn rates for electric models. Production pullbacks could tighten EV supply or shift sourcing toward imports. Ongoing cost pressures...
March sales surge tightens inventory, affordability gaps persist

March sales surge tightens inventory, affordability gaps persist

- April 17, 2026
On the Dash: Faster March sales improved inventory flow, but demand remains uneven heading into Q2. Limited sub-$40K inventory continues to constrain volume opportunities. Rising incentives indicate growing pressure to...
CBT News
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.