Ford Motor(US:F) Huan Qiu Wang·2025-09-17 03:39Group 1 - Ford announced a layoff of 1,000 employees at its electric vehicle plant in Cologne, Germany, due to persistently low demand for battery-powered vehicles in Europe [1][4] - This layoff is part of a broader restructuring plan, which includes a total of 4,000 job cuts in Europe by the end of 2027, affecting factories in Germany and the UK [4] - The European electric vehicle market is facing significant challenges, including strong competition from Chinese manufacturers like BYD, which has successfully entered the market despite EU tariffs [4] Group 2 - Internal factors contributing to the struggles of the European electric vehicle market include insufficient infrastructure investment and lack of government incentives, which have dampened consumer interest in purchasing electric vehicles [4] - Major German automakers such as BMW, Mercedes, and Volkswagen are also struggling to attract consumers despite launching new battery-powered vehicles with advanced technology [5] - Ford reported a loss of $36 million in the second quarter, compared to a profit of $1.8 billion in the same period last year, and expects to incur a loss of $2 billion due to tariffs this year [5]