BERLIN—Ford Motor Co. is launching an overhaul of its money-losing European business that is expected to include thousands of job cuts, plant closures and the cancellation of low-profit models amid a series of bad news for global car makers. The move is part of a broad cost-cutting effort that Ford Chief Executive Jim Hackett has embarked on in an industry facing the challenges of electric vehicles and a push toward autonomous driving.

Source: Wall Street Journal January 10, 2019 10:58 UTC