Ford intends to close its plant in Brazil

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Ford Motors was engaged in the reorganization of business structures in Brazil as part of changes in the global business of the concern. Concern has planned 11 billion dollars for global restructuring. The American automaker announced that it would close the plant in Brazil by the end of this year, which has been producing Ford Fiesta heavy pick-ups and small cars since 1967. Against the background of declining demand for these cars in South Africa, the leadership of Ford decided to exit the business of selling heavy pickups in this region. The termination of the Brazilian plant will entail the dismissal of about 2,700 of its employees, as well as write-offs of $460 million, which will be reflected in pretax profit in 2019.

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