By Marcelo Rochabrun, Alberto Alerigi and Ben Klayman SAO PAULO/DETROIT (Reuters) - Ford Motor Co said on Tuesday it will close its oldest factory in Brazil and exit its heavy commercial truck business in South America, a move that could cost more than 2,700 jobs as part of a restructuring meant to end losses around the world. Ford previously said the global reorganization, to impact thousands of jobs and possible plant closures in Europe, would result in $11 billion in charges. Following that announcement, analysts and investors had expected a similar restructuring in South America.
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Wednesday, 20 February 2019
Ford to close oldest plant in Brazil, costing 2,700 jobs
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