Ford Motor Co., Executive Chairman Bill Ford addresses guests before the unveiling of the new 2020 Ford Explorer, Wednesday, Jan. 9, 2019, in Detroit. The company’s move follows plans announced last year to reduce white-collar jobs across the company’s global business. GM abandoned its Opel business in Europe after years of losses by selling it to France’s PSA Group. Meanwhile Jaguar Land Rover says it will cut 4,500 jobs as the carmaker addresses slowing demand in China and growing uncertainty about the U.K.’s departure from the European Union. The European Union has set lower limits for vehicle carbon dioxide emissions from 2021 that are pushing carmakers to include more electric vehicles in their future sales mix.

Source: Washington Post January 10, 2019 11:00 UTC