Ford to inject up to $4.76 billion into cash-strapped German business

Reuters

Mon, Mar 10, 2025, 2:27 AM 1 min read

FRANKFURT (Reuters) -Ford Motor (F) volition inject up to 4.4 cardinal euros ($4.76 billion) into its struggling German portion arsenic it tries to revive its car concern successful Europe, the U.S. carmaker said connected Monday.

Shares successful Ford slipped implicit 1% earlier the doorbell connected Monday.

The German arm, Ford-Werke, volition proceed its strategical translation initiatives, focusing connected reducing costs successful Europe and expanding competitiveness, Ford said successful a statement, aft the Financial Times archetypal reported the news.

"By recapitalizing our German operations, we are supporting the translation of our concern successful Europe and strengthening our quality to vie with a caller merchandise portfolio," said John Lawler, vice seat of Ford Motor Company.

"To physique a sustainable concern successful Europe, we besides request to proceed to simplify our governance, trim costs, and thrust efficiencies."

He called connected policymakers successful Europe to travel up with a wide docket to beforehand the uptake of electrical vehicles and bring emissions targets successful enactment with user demand.

Europe's car manufacture has seen works closures and falling request arsenic it battles with stiff contention from China. The assemblage is besides bracing for U.S. tariffs.

($1 = 0.9249 euros)

(Reporting by Shivansh Tiwary successful Bengaluru and Christoph Steitz successful Frankfurt; Writing by Rachel More, Editing by Mrigank Dhaniwala and Miranda Murray)