Ford (F.US) plans to cut 1,000 jobs at its electric car factory in Cologne, Germany.

Due to lower-than-expected demand for electric cars in Europe, Ford Motor Company (F.US) plans to cut up to 1000 jobs at its electric car production plant in Cologne, Germany. Ford added that starting from January 2026, the Cologne plant will switch to single-shift production, with the job adjustments expected as a result. Ford stated: "In Europe, demand for electric cars is still far below industry expectations." "Therefore, Ford will adjust the production mode of the Cologne plant to single-shift starting from January 2026." Previously, Ford had invested billions of dollars to transform the Cologne plant into an electric car production center, but soft demand for electric cars led to a decrease in factory output and manpower needs. The background to this layoff measure is that the entire automotive industry is facing multiple challenges, including low penetration rate of electric cars, high initial investment costs, and tariff-related difficulties.