Ford will cut up to 1000 jobs at its electric car factory in Cologne, Germany, in response to lower than expected EV demand across Europe.
The former home of the Fiesta, which builds the Explorer and Capri crossovers following a $1 billion revamp, is operating far below its capacity.
It can produce 250,000 cars per year yet, according to figures from industry body Jato Dynamics, Ford sold less than 19,000 Explorers and far fewer Capris across Europe in the first half of 2025.